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.