Missouri Collection Laws

INTEREST RATE

• Legal: 9%
• Judgment: 9%

STATUTE OF LIMITATIONS (IN YEARS)

• Sale of Goods: 4
• Open Acct.: 5
• Written Contract: 10
• Money & Property:
  • Domestic Judgment: 10 (Revived every 3 years)
  • Foreign Judgment: 10 (Revived every 3 years)

BAD CHECK LAWS (CIVIL PENALTY)
Three times face amount owed or $100 whichever is greater not to exceed $500 (exclusive of attorney fees)

GENERAL GARNISHMENT EXEMPTIONS
See federal law; exempt 90% of week's net pay, head of household, single person w/o depend. = 75%

COLLECTION AGENCY BOND & LICENSE

• Bond: No
• License: No
• Fee: No

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.