Texas Collection Laws

The following is a summary of the Texas 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 Texas Collection Laws page, and we assume no liability for its use.

Texas Collection Laws Interest Rate

      Legal: 6% with agreement can charge up to 18%. w/o agreement - statutory interest of 6% begins to run 30th day after becoming due
      Judgment: 10%

Texas Collection Laws Statute Of Limitations (Years)

      Open account: 4
      Written Contract: 4
      Domestic Judgment: 10 (Renewable)
      Foreign Judgment: 10 (Renewable)

Texas Collection Laws Bad Check Laws (NSF) (Civil Penalty)

      N/A

Texas Collection Laws General Garnishment Exemptions

      100% of Wages

Texas Collection Laws Collection Agency Bond & Licensing Rules

      Bond: Yes
      License: No
      Fee: No

Rapid Recovery hopes that this information on assists you in finding a Texas collection agency and researching Texas collection laws.