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One way to recover more from your delinquent accounts is to hire a North Dakota Collection Agency. Rapid Recovery, a Collection Agency can locate debtors and collect the money owed to your business, practice or facility. If used early, Rapid Recovery Solution can often recover a meaningful portion of your unpaid accounts.
In addition to increasing your chances of actually getting paid, using Rapid Recovery Solution can save you a lot time and money — two of your most valuable resources. With their custom-designed debt collection systems, computers and software, Rapid Recovery Solution can be more effective in recovering delinquent accounts than you can. Rapid Recovery Solution is most likely to collect on your files if placed in the 60-90 days from the date the money was due.
Rapid Recovery Solution is a National Collection Agency handling North Dakota debtors in these cities: Fargo, Bismarck, Grand Forks, Minot, Mandan, Dickinson, Jamestown, West Fargo, Williston, Wahpeton and other North Dakota cities.
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North Dakota Collection Laws
The following is a summary of the North Dakota Collection Laws. The information here may not be 100% accurate and should not to be construed as legal advise. We make no warranty, express or implied concerning any information contained on this North Dakota Collection Laws page, and we assume no liability for its use.
North Dakota Collection Laws Interest Rate
Legal: 6%
Judgment: 12%
North Dakota Collection Laws Statute Of Limitations (Years)
Open account for services: 6
Sale of Goods: 4
Written Contract: 6
Domestic Judgment: 10 renewable
Foreign Judgment: 10 renewable
North Dakota Collection Laws Bad Check Laws (NSF) (Civil Penalty)
Amount due, collection fees of $20, and $100 or 3x check whichever is less
North Dakota Collection Laws General Garnishment Exemptions
Greater of 75% or amount each wk. = to 40 x Federal minimum hourly wage, plus $20.00 each household dependent
North Dakota Collection Laws Collection Agency Bond & Licensing Rules
Bond: $20,000
License: Yes
Fee: $200
Exemption for out-of-state collectors: Out-of-state collectors may be exempt if [1] collecting only; [2] their office is located in a state that has a reciprocal law; and [3] the state has "enacted similar legislation".
Rapid Recovery hopes that this information assists you in finding a North Dakota Collection Agency and researching North Dakota collection laws.
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