Indiana Debt Collection Laws and Statutes

Below you will find important information on Indiana state debt recovery laws including: Indiana Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.

STATE: INDIANA

Interest Rate

  • Legal: 8%
  • Judgment: 8%

STATUTE OF LIMITATIONS (IN YEARS)

  • Open Account: 6
  • Written Contract (for payment of money before 9/1/1982): 10
  • Written Contract (for payment of money after 8/31/1982): 6
  • Written Contract (for other than payment of money before 9/1/1982): 20
  • Written Contract (for other than payment of money after 8/31/1982): 10
  • Written Contract for sale of goods: 4
  • Domestic Judgment: 10 on real estate (renewable for additional 10); 20 against the person
  • Foreign Judgment: 10

BAD CHECK LAWS (CIVIL PENALTY)

Triple check amount up to $500 over check amount, + attorney fees & interest up to 18% per annum or triple check amount + attorney fees and interest at 8% per annum.

GENERAL GARNISHMENT EXEMPTIONS

75% of disposable earnings for work week or the amount of 30 x fed. min. hourly wage, whichever is greater.

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