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Researching your options for debt collection can be a daunting task. Collection laws in New York are complex, so it makes sense to work with a collection agency that knows New York.
Summit AR is a a professional collection agency and debt collection is all we do, so you are likely to recover more of what is owed to you than if you were to pursue delinquent customers yourself.
We can tackle collection cases in most corners of New York, including Rochester, Syracuse, Albany, West Albany, Cheektowaga, and New Rochelle. Contact us today to get your case started.
New York Collection Laws Interest Rate
| Legal: | 16% |
| Judgment: | 9% |
New York Collection Laws Statute Of Limitations
| Open Account: | 6 years |
| Written Contract: | 6 years |
| Domestic Judgment: | 20 years |
| Foreign Judgment: | 20 years |
New York Collection Laws Bad Check Laws (NSF) (Civil Penalty)
| Face value of check plus two times check amount up to a maximum of $400 on NSF or $750 on “no account” (demand prescribed by law) GEN.OB.1.1-104 |
New York Collection Laws General Garnishment Exemptions
| 90% of earnings, except 1st $127.50 wk. wholly exempt |
New York Collection Laws Collection Agency Bond & Licensing Rules
| Bond: | No |
| License: | No |
| Fee: | No |
If you’re looking for a collection agency that knows New York, contact Summit AR today for fast, friendly, and effective results.
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.
