Florida Collection Laws

Interest rate

Sued in Florida? Your legal Interest and your judgment interest:

INTEREST RATE

• Legal: 10%
• Judgment: 10% or up to 18% if contractual

Florida Statute of limitations in years

Sued for a Charge Off in Florida or an Open Account?

• Open Acct.: 4
• Written Contract: 5
• Domestic Judgment: 7 Renewable
• Foreign Judgment: 5 if not recorded instate

Bad check laws (civil penalty)

• After 30 day demand-treble amount in addition to amount owed, bank & court costs & reasonable attorney fees.

General Garnishment exemptions

Is your check about to get garnished in Florida?

• See federal law except 100% head of household.
• Liberal Homestead Exemption - 1st $1,000 of automobile

Collection agency bond & license

• Bond: Yes - $50,000 (Commercial)
• License: Yes
• Fee: Yes
  • $200 - Registration
  • $50 - Investigation
  • $200 - Renewal
• Exemption for out-of-state collectors: Registration is required for out-of-state collectors if [1] soliciting accounts; [2] if client (creditor, its affiliate or subsidiary) has an office in Florida.

Have you been sued in Florida? Use the above information to help you.

Received a Summons in Florida? Get help today!

This site has taken this information from the website listed in this state. We will not be held liable for any errors or for not updating. Updates are done every 3 months.