Rhode Island Debt Collection Laws

In addition to being regulated by the Fair Debt Collection Practices Act (FDCPA), Rhode Island collection agencies are also regulated by Rhode Island debt collection laws. Discover: Rhode Island collection requirements, bad check laws (NSF), statutes of limitations for both debts and judgments, garnishments plus Rhode Island collection agency license and bonding information.

Summary of the Rhode Island fair debt collection practices laws:

RHODE ISLAND INTEREST RATE

Legal: 12%
Judgment: 12%

RHODE ISLAND STATUTE OF LIMITATIONS |in years|

Open Accounts: 10
Written Contract: 10
Domestic Judgment: 20
Foreign Judgment: 20

RHODE ISLAND BAD CHECK LAWS |NSF|

Amount of check, $25 fee & treble damage up to $1000

RHODE ISLAND WAGE GARNISHMENT EXEMPTIONS

See federal law.

RHODE ISLAND COLLECTION AGENCY BONDING and LICENSING REQUIREMENTS

Bond: No
License: No
Fee: No

Below is the Rhode Island debt collection statute:

We could not locate a Rhode Island state statute regulating debt collection agencies. That does not mean one does not exist.

Rhode Island Debt Collection Laws

Knowing and abiding to the proper Rhode Island debt collection laws is important for both creditors and collection agencies alike. There are debtor’s rights attorneys who are just waiting for creditors or collection agencies to slip up. If you mistakenly violate the Rhode Island debt collection laws, you could create a liability for your business and even open yourself up to a expensive lawsuit.

Please note: Rhode Island debt collection laws can change over time, and you need to consult with an attorney before you use this information.

Rhode Island Debt Collection Laws

rhode island collection agency license