Georgia Commercial Credit & Collection Information
INTEREST RATE
STATUTE OF LIMITATIONS
(IN YEARS)
- Open Acct.: 4
- Written Contract: 6
- Domestic Judgment: 7
- Foreign Judgment: 5
BAD CHECK LAWS (CIVIL
PENALTY)
After 10 day written demand double damages up to $500 and service charge
of $30 or 5%, whichever is greater,
GENERAL GARNISHMENT
EXEMPTIONS
See federal law. City, County & State employees may be garnished.
COLLECTION AGENCY BOND
& LICENSE
-
Bond:
$50,000 (some exemptions apply)
- License: No
- Fee: No
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