Missouri Collection Agency Laws

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about About State by State Debt Recovery and other Collection Agency topics.

What are Missouri's state debt collection laws?

Missouri Collection Agency Laws

Following 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

   

Comments

Nobody has commented on this tip yet. Be the first.



Name:


URL: (optional)


Comment:


Not finding the advice and tips you need on this Collection Agency Tip Site? Request a Tip Now!


Guru Spotlight
Sherril Steele-Carlin