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Following is some important information on Kentucky debt recovery laws including: Kentucky Statutes, Kentucky Judgments, Kentucky Garnishments, Kentucky Interest Rates, Kentucky Bad Check Laws and Kentucky Collection Agency Requirements.
STATUTE OF LIMITATIONS (IN YEARS)
Open Acct.: 5
Written Contract: 15
Oral Contract: 5
Domestic Judgment: 15
Foreign Judgment: 15
BAD CHECK LAWS (CIVIL PENALTY)
GENERAL GARNISHMENT EXEMPTIONS
75% of disposable income or 30 times the federal minimum hourly wage (whichever is greater)
COLLECTION AGENCY BOND & LICENSE