Below you will find important information on Nevada state debt recovery laws including: Nevada Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.
STATE: NEVADA
Interest Rate
- Contract rate always prevails. If no contract then Nevada statutory rate applies.
- Pre-Judgment: Satutory rate = 2% Over Prime as determined by 3 medium reserve banks in the western states every 6 months.
- Judgment: Same as pre-judgment
STATUTE OF LIMITATIONS (IN YEARS)
- Open Account: 4
- Written Contract: 6
- Lease: 6
- Domestic Judgment: 6
- Foreign Judgment: 6
BAD CHECK LAWS (CIVIL PENALTY)
Amount due, protest fees, three times check amount not more than $500, or less than $100.
GENERAL GARNISHMENT EXEMPTIONS
Wages no more than 25% of Disposable earnings for each week or 50 times federal minimum hourly wage (whichever is less) except for support orders.