Below you will find important information on Louisiana state debt recovery laws including: Louisiana Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.
STATE: LOUISIANA
Interest Rate
- Legal: 9.5% from 01/01/02007
- Judgment: 9.5% from 01/01/02007
STATUTE OF LIMITATIONS (IN YEARS)
- Open Account: 3
- Written Contract: 10
- Promisoory notes: 5
- Domestic Judgment: 10
- Foreign Judgment: 10
BAD CHECK LAWS (CIVIL PENALTY)
After 30 day written demand (certified or registered), twice check amount, plus attorney fees & court costs.
GENERAL GARNISHMENT EXEMPTIONS
75% disposable earnings per work week, but not less than 30 x fed. min. hourly wage.