Re: SOL for Colorado
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Posted by Razor
(65.33.36.192) on April 23, 2002 at 23:45:26:
In Reply to: SOL for Colorado posted by anonymous on April 23, 2002 at 23:27:07:
STATE: COLORADO INTEREST RATE Legal: 8% Judgment: 8% (or higher if specified in contract or note) STATUTE OF LIMITATIONS (IN YEARS) Open Acct.: 3 Written Contract: 6 (signed promissory note) Written Contract Goods Services: 3 Domestic Judgment District Court-20 (renewable every 20) County Court-6 (renewable every 6) Foreign Judgment: 6 in CO. BAD CHECK LAWS (CIVIL PENALTY) Treble Damages & Reasonable Fees GENERAL GARNISHMENT EXEMPTIONS See federal law. COLLECTION AGENCY BOND & LICENSE Bond: $12,000 - 20,000 License: Yes Fee: Determined by collection agency board Exemption for out-of-state collectors: Out of state collectors are exempt if [1] collecting only by interstate means (phone, fax, mail); [2] have no Colorado client; and [3] are regulated an\d licensed in the state in which they reside.
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