Georgia Collection Agency Laws

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. INTEREST RATE Legal: 7% Judgment: 12% Commercial Accounts: 18% 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