State by State Resources
State Collection Law Summary Compiled by CLLA Staff
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NEW JERSEY
Interest Rate
Legal: up to 30% - as provided for by contract
Judgment changes yearly. In 2005 - 1% or judgments up to $15,000. On
judgments in excess of 415,000, an additional 2% is added to the interest rate.
Statute of Limitations
Open Acct: 6
Sales of Goods: 4
Written Contract: 6
Domestic Judgment: 20
Foreign Judgment: 20
NEW MEXICO
Interest Rate
Judgment: 8.75% (in the absence of a written contract)
Statute of Limitations
Open Acct: 4
Written Contract: 6
Domestic Judgment: 14
NEW YORK
Interest Rate
Legal: 16%
Statute of Limitations
Open Acct: 6
Sales of Goods: 4
Written Contract: 6
Domestic Judgment: 20(10-year renewable lien)
Foreign Judgment: 20(10-year renewable lien)
NORTH CAROLINA
Interest Rate
Legal: 8%
Judgment: 8%
Statute of Limitations
Open Acct: 3
Sales of Goods: 4
Written Contract: 3
Domestic Judgment: 10
Foreign Judgment: 10
NORTH DAKOTA
Interest Rate
Legal: 6%
Judgment: 12%
Statute of Limitations
Open Acct for Services: 6
Sales of Goods: 4
Written Contract: 6
Domestic Judgment: 10(renewable)
Foreign Judgment: 10(renewable)

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