Infor for NC
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Posted by Razor
(65.33.36.192) on April 10, 2002 at 23:19:25:
In Reply to: Re: SOL posted by I-Messed Up on April 10, 2002 at 21:52:32:
STATE: NORTH CAROLINA
INTEREST RATE Legal: 8%
Judgment: 8%
STATUTE OF LIMITATIONS (IN YEARS) Open Acct.: 3
Sale of Goods: 4
Written Contract: 3
Domestic Judgment: 10
Foreign Judgment: 10
BAD CHECK LAWS (CIVIL PENALTY)
30 day written demand lesser of $500 or 3x check amount, but not less than $100. GENERAL GARNISHMENT EXEMPTIONS
100% of last 60 days' earnings for family support. Garnishment only by political subdivisions for taxes, ambulance fees, etc. COLLECTION AGENCY BOND & LICENSE Bond: $5,000 to $50,000
License: Yes
Fee: $500
Exemption for out-of-state collectors: Contact state authorities. Unofficially, licensing authorities may allow out-of-state agencies to bypass requirements if they do not solicit in state and/or work for in-state clients.
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