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Collection Agencies in the US are regulated by the FTC, but also may comply to California Fair Debt Collection Practices Act if dealing with credit then also may comply to California Consumer Credit Reporting Agencies Act.
For Debt Collection Statute of Limitations
- California Collection Laws Interest Rate Legal: 10%
Judgment: 10% (Unless otherwise contracted)
- California Collection Laws Statute Of Limitations (Years)Open account: Reduced to writing-4
Open account: No writing-2
Written Contract: 4
Domestic Judgment: 10 (renewable at 10)
Foreign Judgment: 10 (commencing with judgment debtor's commencement of CA. residence.)
- California Collection Laws Bad Check Laws (NSF) (Civil Penalty)Amount due, treble damages - minimum $100 maximum $1500 per check.
- California Collection Laws General Garnishment Exemptions See federal law. Exemptions for necessities of life.
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