Ohio Collection Agency Laws

Following is some important information on Ohio debt collection laws including: Ohio Statutes, Ohio Judgments, Ohio Garnishments, Ohio Interest Rates, Ohio Bad Check Laws and Ohio Collection Agency Requirements. INTEREST RATE Legal: 10% Judgment: 10% STATUTE OF LIMITATIONS (IN YEARS) Open Acct.: 4 Sales Contract (UCC2-725) Written Contract: 15 Domestic Judgment: 21 renew every 5 Foreign Judgment: 21 renew every 5 BAD CHECK LAWS (CIVIL PENALTY) The greater of $200 or three times the amount of check and attorney fees (no maximum) GENERAL GARNISHMENT EXEMPTIONS See federal law. Garnishment limited to once a month per employee. COLLECTION AGENCY BOND & LICENSE Bond: No License: No Fee: No