State by State Resources

State Collection Law Summary Compiled by CLLA Staff

A-C

ALABAMA

Interest Rate
Legal: 6%
Judgment: 12%
Statute of Limitations
Open Acct: 3
Written Contract: Not under seal 6, Under seal 10
UCC: 4
Domestic Judgment: 20
Foreign Judgment: 20

ALASKA

Interest Rate
Legal: 10.5%
Judgment: 10.5% or contractual
Statute of Limitations
Sale of Goods: 4
Written Contract: 3(changed 1997)
Domestic Judgment: 10
Foreign Judgment: 10

ARIZONA

Interest Rate
Legal: 10%
Judgment: 10% or contractual
Statute of Limitations
Open Acct: 3
Written Contract: In Arizona 6, Outside Arizona .4
Domestic Judgment: 5 (additional 5 upon request(indefinitely)
Foreign Judgment: 4

ARKANSAS

Interest Rate
Legal: 6% or 5 points above the federal discount rate
Judgment: 5 points above the federal discount rate or 10% per annum, whichever is less.

Statute of Limitations
Open Acct: 3 - Written Contract: 5 (partial payment stops
the statute from running) Sales of Goods: (UCC-2) - 4
Domestic Judgment: 10 - Renewable
Foreign Judgment: 10

CALIFORNIA

Interest Rate
Legal: 10%
Judgment: 10% (unless otherwise contracted)

Statute of Limitations
Open Acct: Reduced to writing - 4, No writing - 2
Written Contract: 4
Domestic Judgment: 10(commencing with judgment debtor’s
commencement of CA residence)

COLORADO

Interest Rate
Legal: 8%
Judgment: 8% (higher if specified in contractor note)

Statute of Limitations
Open Acct: 6
Written Contract: 6 (signed promissory note)
Written Contract Goods Services: 3
Domestic Judgment District Court: 20 (renewable every 20)
County Court: 6 (renewable every 6 ) - Foreign Judgment 6 in Colorado