Vermont Debt Collection Laws and Statutes

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

STATE: VERMONT

Interest Rate

  • Legal: 12%
  • Judgment: 12%

STATUTE OF LIMITATIONS (IN YEARS)

  • Retail Installment Contracts: 4
  • Witnessed Promissory Note: 14
  • Open Account: 6
  • Written Contract: 6
  • Domestic Judgment: 8
  • Foreign Judgment: 8

BAD CHECK LAWS (CIVIL PENALTY)

Court costs, amount of check, attorney fees, damage of $50. (Notice required).

GENERAL GARNISHMENT EXEMPTIONS

$75% of earning above minimum wage or what is necessary to live. 85% if personal, family or house held debt.

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