|
COLORADO |
INTEREST RATE - Legal: 8% - Judgment 8% (or higher
if specified in contract or note) |
STATUTE OF LIMITATIONS (IN YEARS) - Open Acct: 6 -
Written Contract 6 (signed promissory note) - Written Contract Goods
Services: 3 - Domestic Judgment District Court 20 (renewable every 20)
County Court - 6 (renewable every 6) - Foreign Judgment 6 in CO |
BAD CHECK LAWS (CIVIL PENALTY) - Treble Damages &
Reasonable Fees |
GENERAL GARNISHMENT EXEMPTIONS - See federal law. |
COLLECTION AGENCY BOND & LICENSE - Bond: $10,000 -
20,000 - License: Yes - Fee: Determined by collection agency board |