Alaska Collection Laws
Interest rate
- Legal: 10.5%
- Judgment: 10.5% or contractual
Statute of limitations in years
- Sale of Goods: 4
- Written Contract: 6
- Domestic Judgment: 10
- Foreign Judgment: 10
Bad check laws (civil penalty)
- Damages in amount equal to $100 or triple the amount of the check whichever is greater. But no more than $1000 over the amount of the check.
General Garnishment exemptions
- 75% of employee's weekly net income or $402.50 whichever is more
Collection agency bond & license
- Bond: $5000 License: Yes
- Fee:
- $100 - Application
- $200 - Agency Biennially
Have you been sued in Alaska? Use the above information to help you.