Oklahoma Commercial Credit & Collection Information
INTEREST RATE
-
Legal: 6%
-
Judgment: 4% over
U.S. Treasury Bill Rate of previous year.
STATUTE OF LIMITATIONS
(IN YEARS)
- Open Acct.: 3
- Written Contract: 5
- Domestic Judgment: 5
renewable
- Foreign Judgment: 3
BAD CHECK LAWS (CIVIL
PENALTY)
Amt. due, protest fees, and fine not more that $5000.00 (Oklahoma
Code
§21‑1541)
GENERAL GARNISHMENT
EXEMPTIONS
State law: 75% of earnings exempted, more if hardship established. All
federal exemptions apply.
COLLECTION AGENCY BOND
& LICENSE
- Bond: No
- License: No
- Fee: No
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