Below you will find important information on North Carolina state debt recovery laws including: North Carolina Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.
STATE: NORTH CAROLINA
Interest Rate
- Legal: 8%
- Judgment: 8%
STATUTE OF LIMITATIONS (IN YEARS)
- Open Account: 3
- Written Contract: 3
- Sale of Goods: 4
- Domestic Judgment: 10
- Foreign Judgment: 10
BAD CHECK LAWS (CIVIL PENALTY)
30 day written demand lesser of $500 or 3 x check amount, but not less than $100.
GENERAL GARNISHMENT EXEMPTIONS
100% of last 60 days’ earnings for family support. Garnishment only by political subdivisions for taxes, ambulance fees, etc.