Louisiana Collection Laws

INTEREST RATE

• Legal: 9.75%
• Judgment: 9.75%

STATUTE OF LIMITATIONS (IN YEARS)

• Open Acct.: 3
• Written Contract: 10
• Promissory Notes: 5
• Domestic Judgment: 10
• Foreign Judgment: 10

BAD CHECK LAWS (CIVIL PENALTY)
After 30 day written demand (certified or registered), twice check amount. Attorney fees & court costs

GENERAL GARNISHMENT EXEMPTIONS
75% disposable earnings per work week, but not less than 30 x fed. min. hourly wage.

COLLECTION AGENCY BOND & LICENSE

• Bond: Yes - $10,000
• License: Yes
• Fee:
  • $200 Initial
  • $200 Investigation
  • $200 Renewal
  • $100 Branch
  • $100 Branch Renewal

   

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.