Louisiana Commercial Credit & Collection Information
INTEREST RATE
STATUTE OF LIMITATIONS
(IN YEARS)
- Open Acct.: 3
- Written Contract: 10
- Promissory Notes: 5
- Domestic Judgment:
10
- Foreign Judgment: 10
BAD CHECK LAWS (CIVIL
PENALTY)
No less than $100,
up to twice check
amount. Attorney fees & court costs
GENERAL GARNISHMENT
EXEMPTIONS
75% disposable earnings per work week, but not less than 30 x fed. min.
hourly wage.
COLLECTION AGENCY BOND
& LICENSE
Act
638 of the 2003 Regular Session of the Louisiana State Legislature
repeals the Louisiana Collection Agency Regulation Act effective August
15, 2003. The Louisiana Office of Financial Institutions will no longer
license or regulate collection agencies after that date.
*Community Property State
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