Alabama Commercial Credit & Collection Information
INTEREST RATE
STATUTE OF LIMITATIONS
(IN YEARS)
- Open Acct.: 3
- Written Contract: 6
- Domestic Judgment:
20
- Foreign Judgment: 20
BAD CHECK LAWS (CIVIL
PENALTY)
Greater of $30 or Actual Bank Charges, plus damages as determined by
court
GENERAL GARNISHMENT
EXEMPTIONS
75% of wages are exempt from garnishment
COLLECTION AGENCY BOND
& LICENSE
- Bond: No
- License: Yes
- Fee:
- $38.50 - Population
under 20,000
- $151 - Population
over 20,000
- Exemption for
out-of-state collectors: Business License not required for
out-of-state agency.
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