Idaho Collection Laws

INTEREST RATE

• Legal: 12%
• Judgment: 10.875% plus the base rate

STATUTE OF LIMITATIONS (IN YEARS)

• Open Acct.: 4
• Oral Contract: 4
• Written Contract: 5
• Domestic Judgment: 5 renewable
• Foreign Judgment: 6 renewable

BAD CHECK LAWS (CIVIL PENALTY)
Triple amount of check up to $500 over the check amount

GENERAL GARNISHMENT EXEMPTIONS
See federal law.

COLLECTION AGENCY BOND & LICENSE

• Bond: $5,000 initial
• License: Yes
• Fee: $100 -permit fee $50 - renewal
• Exemption for out-of-state collectors: Out-of-state collectors may qualify for a special license if [1] only collecting for client; and [2] are licensed and bonded by any state.

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.