Who you, a Guru? After you read these 115 Collection Agency tips, you'll be one. But we're looking to recruit a Guru to blog, write a 101 tip Collection Agency book, and become a leader of this community.
Hot topics for both consumers and webmarketers on WebmasterRadio.FM
Every Wednesday, 4PM Eastern.
December 15, 2006, Newsletter Issue #67: Nebraska Collection Agency Laws
1
Tip of the Week
Following is some important information on Nebraska debt collection laws including: Nebraska Statutes, Nebraska Judgments, Nebraska Garnishments, Nebraska Interest Rates, Nebraska Bad Check Laws and Nebraska Collection Agency Requirements.
INTEREST RATE Legal: 12% per written instrument or contract rate Judgment: 1% above bond equivalent yield as published by U.S. Treasury
STATUTE OF LIMITATIONS (IN YEARS) Open Acct.: 4 Written Contract: 5 Domestic Judgment: 5 renewable every 5 Foreign Judgment: 5 nonrenewable
BAD CHECK LAWS (CIVIL PENALTY) Amount due, costs, protest fees
GENERAL GARNISHMENT EXEMPTIONS Greater of 75% disposable earnings (85% if head of household), or 30 x fed. minimum hourly wage.
COLLECTION AGENCY BOND & LICENSE Bond: Based on Lic. Solic. Less Than 5 = 5,000, 5-15=$10,000, 16-Up=$15,000 License: Yes Fee: (not to exceed) $250 - Investigation $200 - Original $100 - Renewal $50 - Investigation Branch Office $35 - Original Branch Office Exemption for out-of-state collectors: Out-of-state collectors are exempt if [1] communicating by interstate means (phone, fax, mail); and [2] are "regulated" by the laws of another state.
2
About LifeTips
Now one of the top on-line publishers in the world, LifeTips offers
tips to millions of monthly visitors. Our mission mission is to make
your life smarter, better, faster and wiser. Expert writers earn dough
for what they know. And exclusive sponsors in each niche topic help us
make-it-all happen.
Founded in 2000, LifeTips offers fresh tips and advice to millions of readers. Become a Guru on a topic you're an expert in. Become a Sponsor and keep the tips flowing and traffic going to your website!
