|
OKLAHOMA |
INTEREST RATE -
Legal: 6% unless specified in contract
Judgment: 7.48% for 2002; 5.63% for 2003
(4% over U.S. Treasury Bill Rate of previous year) |
STATUTE OF LIMITATIONS (IN YEARS) -
Sale of Goods Governed by UCC: 5
Open Acct.: 3
Written Contract: 5
Domestic Judgment: 5 renewable
Foreign Judgment: 5 renewable |
BAD CHECK LAWS (CIVIL PENALTY) -
N/A |
GENERAL GARNISHMENT EXEMPTIONS -
State law: 75% of earnings exempted, more if hardship established. All federal
exemptions apply. |
COLLECTION AGENCY BOND & LICENSE -
Not Required |