Alabama Collection Agency Laws

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What are Alabama's state debt collection laws?

Alabama Collection Agency Laws

Want to learn more about state by state debt recovery? What about debt recovery in Alabama? Following is some important information on Alabama debt recovery laws including: Alabama Statute of Limitations, Alabama Judgments, Alabama Garnishments, Alabama Interest Rates, Alabama Bad Check Laws and Alabama Collection Agency Requirements.

INTEREST RATE
Legal: 6%
Judgment: 12%

STATUTE OF LIMITATIONS (IN YEARS)
Open Acct.: 3
Written Contract: 6
Domestic Judgment: 20
Foreign Judgment: 20

BAD CHECK LAWS (CIVIL PENALTY)
Greater of $10 or Actual Bank Charges

GENERAL GARNISHMENT EXEMPTIONS
75% of wages are exempt from garnishment

COLLECTION AGENCY BOND & LICENSE
Bond: No
License: Yes
Fee:
$25 - Population under 20,000
$100 - Population over 20,000
Exemption for out-of-state collectors: Business License not required for out-of-state agency.

   

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