
| Rapid Recovery Locations |
| New Orleans New Orleans, LA 70170 |
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Louisiana Collection Laws The following is a summary of the Louisiana 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 Louisiana Collection Laws page, and we assume no liability for its use. Louisiana Collection Laws Interest Rate Legal: 9.75% Judgment: 9.75% Louisiana Collection Laws Statute Of Limitations (Years) Open account: 3 Written Contract: 10 Promissory Notes: 5 Domestic Judgment: 10 Foreign Judgment: 10 Louisiana Collection Laws Bad Check Laws (NSF) (Civil Penalty) After 30 day written demand (certified or registered), twice check amount. Attorney fees & court costs Louisiana Collection Laws General Garnishment Exemptions 75% disposable earnings per work week, but not less than 30 x Federal minimum hourly wage Louisiana Collection Laws Collection Agency Bond & Licensing Rules Bond: Yes - $10,000 License: Yes Fee: $200 Initial $200 Investigation $200 Renewal $100 Branch $100 Branch Renewal Rapid Recovery hopes that this information assists you in finding a Louisiana Collection Agency and researching Louisiana collection laws. |