Below you will find important information on Missouri state debt recovery laws including: Missouri Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.
STATE: MISSOURI
Interest Rate
- Legal: 9%
- Judgment: 9%
STATUTE OF LIMITATIONS (IN YEARS)
- Sale of Goods: 4
- Open Account: 5
- Written Contract: 10
- Sales (UCC) Contract: 4
- Money & Property:
- Domestic Judgment: 10 (revived every 10 years)
- Foreign Judgment: 10 (revived every 10 years)
BAD CHECK LAWS (CIVIL PENALTY)
Three times face amount owed plus attorney’s fees.
GENERAL GARNISHMENT EXEMPTIONS
See federal law; exempt 90% of week’s pay, head of household, single person w/o dependable = 75%.