Idaho Commercial Credit & Collection Information
INTEREST RATE
- Legal: 12%
- Judgment:
determined yearly
STATUTE OF LIMITATIONS
(IN YEARS)
- Open Acct.: 4
- Oral Contract: 4
- Written Contract: 5
- Domestic Judgment: 5
renewable
- Foreign Judgment: 6
renewable
BAD CHECK LAWS (CIVIL
PENALTY)
Triple amount of check up to $500 over the check amount (Idaho
Statute 28-22-105)
GENERAL GARNISHMENT
EXEMPTIONS
See federal law.
COLLECTION AGENCY BOND
& LICENSE
- Bond: $15,000 initial
plus $2,000 state bond (Idaho
Statue 26-2232)
- License: Yes
- Fee: $100 -exam fee
$50 -annual (Idaho
Statutes 26-2225,26-2229)
- Exemption for
out-of-state collectors: Out-of-state collectors may qualify for a
special license if [1] only collecting for client; and [2] are
licensed and bonded by any state.
*Community Property State
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