West Virginia Collection Laws

INTEREST RATE

• Legal: 6%
• Judgment: 10%

STATUTE OF LIMITATIONS (IN YEARS)

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

BAD CHECK LAWS (CIVIL PENALTY)
Amount due, service charge up to $10. If check is under $500.00 = misdemeanor. Over $500.00 = felony.

GENERAL GARNISHMENT EXEMPTIONS
See West VA code 38-5A-3-Employees withhold 20% of disposable income or 30x the minimum hourly rate, whichever is less. Other exemptions apply.

COLLECTION AGENCY BOND & LICENSE

• Bond: $5,000
• License: Yes - Franchise Reg. Cert.
• Fee: $15 Annual
• Exemption for out-of-state collectors: Contact state authorities. Some out-of-state agencies may be exempt if they are only collecting for out-of-state clients.

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.