New Jersey Commercial Credit & Collection Information
INTEREST RATE
-
Legal: 6%
- Judgment: No
Statutory Provision
STATUTE OF LIMITATIONS
(IN YEARS)
- Open Acct.: 6
- Sale of Goods: 4
- Written Contract: 6
- Domestic Judgment:
20
- Foreign Judgment: 20
BAD CHECK LAWS (CIVIL
PENALTY)
$100 or 3 times amt. owed.
Not more than $500 more than check Amt.
GENERAL GARNISHMENT
EXEMPTIONS
$142.50 wk. min. 10% of gross earnings $142.50 & Over
COLLECTION AGENCY BOND
& LICENSE
- Bond: $5000 Surety
- License: No
- Fee: No
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