Delaware Commercial Credit & Collection Information
INTEREST RATE
- Legal: Federal Reserve
Discount Rate Plus 6.5% plus surcharge
- Judgment: Federal Reserve
Discount Rate Plus 6.5% or contract
STATUTE OF LIMITATIONS
(IN YEARS)
- Sale of Goods: 4
- Open Acct.: 4
- Written Contract: 3
- Domestic Judgment:
No provision
- Foreign Judgment: No
provision
BAD CHECK LAWS (CIVIL
PENALTY)
Amount due, cost of suit, protest fees
GENERAL GARNISHMENT
EXEMPTIONS
85% of disposable earnings or disposable earnings minus $150 weekly
according to schedule.
COLLECTION AGENCY BOND
& LICENSE
- Bond: No
- License: Mercantile
License
-
Fee: $75 Yearly,
$25 for each addl. branch
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