Nevada Collection Laws Interest Rate

Legal:	2% Over Prime
Judgment:	2% Over Prime

Nevada Collection Laws Statute Of Limitations

Open Account:	4 years
Written Contract:	6 years
Domestic Judgment:	6 years
Foreign Judgment:	6 years

Nevada Collection Laws Bad Check Laws (NSF) (Civil Penalty)

Amount due, protest fees three times check amount not more than $500, or less than $100

Nevada Collection Laws General Garnishment Exemptions

Garnish only. 25% of Disposable earnings for each week or 30 times federal minimum hourly wage (whichever is less)

Nevada Collection Laws Collection Agency Bond & Licensing Rules

Bond:	$25,000 to $50,000
License:	Yes
Fee:	$300 initial, $200 renewal
Exemption for out of state collectors: Out of state collectors are exempt if [1] collecting by interstate means (phone, fax, mail); and [2] collecting for an out-of-state client.

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