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Missouri Collection Agency LawsFollowing is some important information on Missouri debt recovery laws including: Missouri Statutes, Missouri Judgments, Missouri Garnishments, Missouri Interest Rates, Missouri Bad Check Laws and Missouri Collection Agency Requirements. INTEREST RATE Legal: 9% Judgment: 9% STATUTE OF LIMITATIONS (IN YEARS) Sale of Goods: 4 Open Acct.: 5 Written Contract: 10 Money & Property: Domestic Judgment: 10 (Revived every 3 years) Foreign Judgment: 10 (Revived every 3 years) BAD CHECK LAWS (CIVIL PENALTY) Three times face amount owed or $100 whichever is greater not to exceed $500 (exclusive of attorney fees) GENERAL GARNISHMENT EXEMPTIONS See federal law; exempt 90% of week´s net pay, head of household, single person w/o depend. = 75% COLLECTION AGENCY BOND & LICENSE Bond: No License: No Fee: No
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