ARKANSAS INTEREST RATE - Legal: 6% or 5 points above the Fed. discount rate Judgment 5 points above the Federal discount rate or 10% per annum whichever is less STATUTE OF LIMITATIONS (IN YEARS) - Open Acct: 3 - Written Contract 5 (partial payment stops the statute from running) - Sale of Goods: (UCC-2) - 4 - Domestic Judgment 10 - Renewable - Foreign Judgment 10 BAD CHECK LAWS (CIVIL PENALTY) - Twice the amount of check - prior to double charge - can start out with $15 charge per NSF check after 30 days. GENERAL GARNISHMENT EXEMPTIONS - $500 head of family; $200 single. Includes personal property except clothing. COLLECTION AGENCY BOND & LICENSE - Bond: $5000/$1500 Branch - License: Yes - Fee: $125 -$5 each employee