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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. |