California Commercial Credit & Collection Information
INTEREST RATE
- Legal: 7%
- Judgment: 10%
(Unless otherwise contracted)
STATUTE OF LIMITATIONS
(IN YEARS)
- Open Acct.: Reduced
to writing-4
- Open Acct.: No
writing-2
- Written Contract: 4
- Domestic Judgment:
10 (renewable at 10)
- Foreign Judgment: 10
(commencing with judgment debtor's commencement of CA. residence.)
BAD CHECK LAWS (CIVIL
PENALTY)
Amount due, treble damages - minimum $100 maximum $1500 per check.
GENERAL GARNISHMENT
EXEMPTIONS
See federal law. Exemptions for necessities of life.
COLLECTION AGENCY BOND
& LICENSE
No license or bond required.
*Community Property State
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