New Jersey Collection Laws

INTEREST RATE

• Legal: 6%
• Judgment: No Statutory Provision

STATUTE OF LIMITATIONS (IN YEARS)

• Open Acct.: 6
• Sale of Goods: 4
• Written Contract: 6
• Domestic Judgment: 20
• Foreign Judgment: 20

BAD CHECK LAWS (CIVIL PENALTY)
N/A

GENERAL GARNISHMENT EXEMPTIONS
$142.50 wk. min. 10% of gross earnings $142.50 & Over

COLLECTION AGENCY BOND & LICENSE

• Bond: $5000 Surety
• 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.