Contracts: 10 years.
Open accounts: 3 years.
Lawsuits, which are filed but not pursued, become null three years after the last action taken.
Judgment: 10 years, and if not renewed within the ten years become a nullity.
These are specifically speaking of collections. Can anyone here interpert this?
Judgment: 10% or up to 18% if contractual
STATUTE OF LIMITATIONS (IN YEARS)
Open Acct.: 4
Written Contract: 5
Domestic Judgment: 7 Renewable
Foreign Judgment: 5 if not recorded in-state
BAD CHECK LAWS (CIVIL PENALTY)
After 30 day demand-treble amount in addition to amount owed, bank & court costs & reasonable attorney fees.
GENERAL GARNISHMENT EXEMPTIONS
See federal law except 100% head of household.
Liberal Homestead Exemption - 1st $1,000 of automobile
COLLECTION AGENCY BOND & LICENSE
Bond: Yes - $50,000 (Commercial)
$200 - Registration
$50 - Investigation
$200 - Renewal
Exemption for out-of-state collectors:
Registration is required for out-of-state collectors if
 soliciting accounts;
 if client (creditor, its affiliate or subsidiary) has an office in Florida.
docfr8 wrote:Does anyone know the SOL for Florida?