Statute Of Limitations by State

[Trish]

WEST VIRGINIA

INTEREST RATE

Legal: 6%

Judgment: 10%

STATUTE OF LIMITATIONS (IN YEARS)

Open Acct.: 5

Written Contract: 10

Domestic Judgment: 10

Foreign Judgment: 10

BAD CHECK LAWS (CIVIL PENALTY)
Amount due, service charge up to $10. If check is under $500.00 = misdemeanor. Over $500.00 = felony.

GENERAL GARNISHMENT EXEMPTIONS
See West Va code 38-5A-3-Employees withhold 20% of disposable income or 30x the minimum hourly rate, whichever is less. Other exemptions apply.

COLLECTION AGENCY BOND & LICENSE

Bond: $5,000

License: Yes - Franchise Reg. Cert.


Exemption for out-of-state collectors: Contact state authorities. Some out-of-state agencies may be exempt if they are only collecting for out-of-state clients.

[Trish]

WISCONSIN

INTEREST RATE

Legal: 5%

Judgment: 12%

STATUTE OF LIMITATIONS (IN YEARS)

Open Acct.: 6

Written Contract: 6

Domestic Judgment: 20

Foreign Judgment: 20

BAD CHECK LAWS (CIVIL PENALTY)
Amount of check plus actual damages + exemplary damages up to three times value of check. Limited to $300.

GENERAL GARNISHMENT EXEMPTIONS
80% of net pay.

COLLECTION AGENCY BOND & LICENSE

Bond: $15,000 min.

License: Yes


Exemption for out-of-state collectors: Out-of-state agencies do not need to be licensed if [1] collecting by interstate means (phone, fax, mail); and [2] collecting for an out-of-state client.

[Trish]

WYOMING

INTEREST RATE

Legal: 7%

Judgment: contract rate or 10% judgment rate

STATUTE OF LIMITATIONS (IN YEARS)

Open Acct.: 8

Written Contract: 10

Domestic Judgment: 5

Foreign Judgment: 5

BAD CHECK LAWS (CIVIL PENALTY)
Double the face amount plus damages equal to collection cost and reasonable attorney fees.

GENERAL GARNISHMENT EXEMPTIONS
See federal law for consumer credit sale, lease or loan. Up to 65% for child support arrearage.

COLLECTION AGENCY BOND & LICENSE

Bond: $10,000

License: Yes


Exemption for out-of-state collectors: Out-of-state agencies may bypass licensing if they are not [1] soliciting clients in Wyoming; or [2] collecting for Wyoming creditors.