COLLECTION LAWS – CONNECTICUT (CT)
(1) Pre-Judgment Interest Rate: In Connecticut, the pre-judgment interest rate is governed by Connecticut General Statutes Section 37-3a. The statute provides for an interest rate of 10% per annum for any money due on a judgment, decree, or order from the date it becomes due.
(2) Post-Judgment Interest Rate: Post-judgment interest rates in Connecticut are outlined in Connecticut General Statutes Section 37-1. According to this statute, the post-judgment interest rate is 10% per annum for any money recovered in a civil action or on a judgment, from the date of rendering the judgment.
(3) Statute of Limitations for Written Contract: The statute of limitations for a written contract in Connecticut is outlined in Connecticut General Statutes Section 52-576. According to this statute, actions to enforce a written contract must be commenced within 6 years from the date the cause of action arises.
(4) Statute of Limitations for Oral Contract: The statute of limitations for an oral contract in Connecticut is governed by Connecticut General Statutes Section 52-581. This statute sets a 3-year time limit to bring an action on an oral contract from the date the cause of action accrues.
(5) Statute of Limitations for Open Account: The statute of limitations for an open account in Connecticut is addressed in Connecticut General Statutes Section 42a-2-725. According to this statute, actions to enforce the payment of an open account for goods sold must be commenced within 4 years after the cause of action accrues.
(6) Statute of Limitations for Contract for Sale of Goods: Connecticut General Statutes Section 42a-2-725 also governs the statute of limitations for a contract for the sale of goods. Under this statute, actions for breach of a contract for the sale of goods must be brought within 4 years after the cause of action accrues.
(7) Statute of Limitations for Promissory Note: The statute of limitations for a promissory note in Connecticut is outlined in Connecticut General Statutes Section 42a-3-118(a). According to this statute, an action to enforce the obligation of a party to pay a promissory note must be commenced within 6 years after the cause of action accrues.
(8) Statute of Limitations for Enforcement of Domestic Judgment: The statute of limitations for the enforcement of a domestic judgment in Connecticut is governed by Connecticut General Statutes Section 52-598. This statute specifies that a judgment may be enforced at any time within 20 years after the date of its entry.
(9) Statute of Limitations for Enforcement of Foreign Judgment: The statute of limitations for the enforcement of a foreign judgment in Connecticut is addressed in Connecticut General Statutes Section 52-604. According to this statute, an action to enforce a foreign judgment must be commenced within 20 years from the date of the entry of the foreign judgment.
(10) Garnishment Exemptions: Garnishment exemptions in Connecticut are outlined in Connecticut General Statutes Section 52-352b. This statute provides various exemptions, including exemptions for certain types of income, public assistance benefits, pensions, and retirement benefits, among others. The exemptions are subject to certain limitations and qualifications as specified in the statute.
Disclaimer: Please note that the presented content is an outline of legal regulations, serving as a general overview rather than an exhaustive representation of comprehensive statutes. It is crucial to recognize that this outline does not constitute “legal advice.” Moreover, it is important to acknowledge that subsequent changes to the listed statutes may occur subsequent to this publication. It is recommended to consult an attorney in the jurisdiction to confirm the information is up-to-date and accurate.