Connecticut Collection Laws Interest Rate
Legal: | 8% |
Judgment: | 10% or contractual |
Connecticut Collection Laws Statute Of Limitations
Open Account: | 6 years |
Written Contract: | 6 years |
Oral Contract: | 3 years |
Domestic Judgment: | 20/26 years |
Small Claims Judgment: | 10/15 years |
Foreign Judgment: | 20 years |
Connecticut Collection Laws Bad Check Laws (NSF) (Civil Penalty)
Personal liability of signatory on corporate claims unless signed in corporate capacity. |
Connecticut Collection Laws General Garnishment Exemptions
25% you may garnish disposable earnings each week, or 40 x Federal minimum hourly wage, which ever is less. |
Connecticut Collection Laws Collection Agency Bond & Licensing Rules
Bond: | $5,000 |
License: | Yes |
Fee: | $200 yearly, $50 investigation |
Disclaimer: While we strive to keep our state resource data accurate and up-to-date, the information contained on this page is provided without any warranty (expressed or implied), and should not be considered legal advice. We assume no liability for its use.
Convert more aged receivables into bottom-line revenue.
Our experienced collections specialists provide the best of both worlds: collection rates up to double the industry average, but with a delicate touch to protect your company’s relationships and good name. Schedule a free no-obligation consultation and learn how Summit A•R can put your balance sheets back in the black.
Get Started ›