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February 2, 2007, Newsletter Issue #74: Georgia Collection Agency Laws
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Tip of the Week
Following is some important information on Georgia debt recovery laws including: Georgia Statutes, Georgia Judgments, Georgia Garnishments, Georgia Interest Rates, Georgia Bad Check Laws and Georgia Collection Agency Requirements.
STATUTE OF LIMITATIONS (IN YEARS) Open Acct.: 4 Written Contract: 6 Domestic Judgment: 7 Foreign Judgment: 5
BAD CHECK LAWS (CIVIL PENALTY) After 10 day written demand double damages up to $500 and service charge of $20 or 5%, whichever is greater,
GENERAL GARNISHMENT EXEMPTIONS See federal law. City, County & State employees may be garnished.
COLLECTION AGENCY BOND & LICENSE Bond: No License: No Fee: No
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