florida commercial collection agencyFlorida Collection Agencies assists you with Collection Laws Interest Rate, Statues of Limitations, General Garnishment Exemptions, Bad Check Laws. The following is a summary of the Florida Collection Laws. The information here may change over the time, for any questions please consult your legal adviser regarding this Florida Collection Laws

  • Florida Collection Laws Interest Rate
    Legal: 10%
    Judgment: 10% or up to 18% if contractual
  • Florida Collection Laws Statute Of Limitations (Years)
    Open account: 4
    Written Contract: 5
    Domestic Judgment: 7 Renewable
    Foreign Judgment: 5 if not recorded instate
  • Florida Collection Laws Bad Check Laws (NSF) (Civil Penalty)
    After 30 day demand-treble amount in addition to amount owed, bank & court costs & reasonable attorney fees
  • Florida Collection Laws General Garnishment Exemptions
    See federal law except: 100% head of household.
    Liberal Homestead Exemption – 1st $1,000 of automobile