Utah Commercial Credit & Collection Information
INTEREST RATE
-
Legal:
10%
-
Judgment: Contract
rate or Federal Post Judgment Rate plus 2%
STATUTE OF LIMITATIONS
(IN YEARS)
- Open Acct.: 4
- Written Contract: 6
- Domestic Judgment: 8
- Foreign Judgment: 8
BAD CHECK LAWS (CIVIL
PENALTY)
Greater of $100 or triple amount of check, not to exceed $500
GENERAL GARNISHMENT
EXEMPTIONS
$142.50 of disposable earnings for wages paid weekly.
COLLECTION AGENCY BOND
& LICENSE
-
Bond: $10,000
- License: Yes
- Fee: Varies by City
and County.
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