Pennsylvania Commercial Credit & Collection Information
INTEREST RATE
STATUTE OF LIMITATIONS
(IN YEARS)
- Open Acct.: 4
- Written Contract: 4
- Domestic Judgment: 5
(writ of revival within 5 yrs.)
- Foreign Judgment: 4
- -Lien against real
estate: 5 yrs.
- -Personal property
Ex: 20 yrs.
BAD CHECK LAWS (CIVIL
PENALTY)
After demand and judgment triple damages in amount equal to $100 or 3
times the check amount whichever is greater up to $500.
GENERAL GARNISHMENT
EXEMPTIONS
100%of wages, certain pensions, retirement accounts & Keogh plan under
certain circumstances, and $300.
COLLECTION AGENCY BOND
& LICENSE
- Bond: No
- License: No
- Fee: No
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