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Collection Agencies in Idaho

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Debt collection laws in Idaho

Here are some relevant federal and state laws that were in effect as of 2021:

  1. Fair Debt Collection Practices Act (FDCPA): This federal law protects consumers from abusive, deceptive, or unfair debt collection practices. It sets limitations on when and how debt collectors can contact consumers, and provides consumers with rights to dispute debts and obtain information about the debts.
  2. Fair Credit Reporting Act (FCRA): Another federal law, the FCRA, regulates the collection and use of consumer credit information. It provides consumers with the right to access their credit reports and correct any inaccuracies.
  3. Idaho Collection Agency Act: The Idaho Collection Agency Act regulates the licensing and practices of collection agencies in Idaho. The Act requires collection agencies to be licensed and to comply with certain requirements designed to protect consumers.
  4. Statute of Limitations in Idaho: In Idaho, there is a time limit for when creditors can sue consumers for unpaid debts. As of 2021, the statute of limitations for written contracts is five years, and for open accounts (such as credit cards), it is four years.
  5. Idaho Garnishment Laws: If a creditor obtains a court judgment against a debtor in Idaho, they can garnish the debtor’s wages or bank accounts. Idaho law limits the amount that can be garnished to 25% of the debtor’s disposable earnings for a week, or the amount by which a person’s disposable earnings for a week exceed 30 times the federal minimum hourly wage, whichever is less.
  6. Exemption Laws in Idaho: Idaho has laws that protect certain types of property from being taken by creditors to satisfy a debt judgment. These include homestead exemptions, personal property exemptions, and exemptions for certain types of income and benefits.
  7. Disclosure and Notification Requirements: Idaho law requires collection agencies to provide certain disclosures to consumers, including the amount of the debt, the name of the creditor, and a statement that the consumer has a right to dispute the debt.
  8. Prohibited Practices: Under the Idaho Collection Agency Act, collection agencies are prohibited from engaging in unfair or deceptive practices, such as threatening violence, using obscene language, or misrepresenting the amount of the debt.

Please make sure to verify the most current legal information or consult an attorney or legal advisor with expertise in debt collection laws in Idaho for the most up-to-date details on debt collection laws in the state.

The statute of limitations on ID is 5 years. Debtors cannot be sued in court once the debt is more than 5 years old. Most collection agencies will not attempt to collect the debt beyond this point. Idaho phone recording law conveys that it is a one-party consent state. The FDCPA Law prohibits collection agencies from using abusive, unfair, or deceptive practices.

Idaho is known primarily for its agricultural industry. It produces nearly one-third of the potatoes grown in the United States and is also responsible for a substantial percentage of the nation’s wheat production. Additional Idaho industries include food processing, lumber and wood products, and machinery production. Anheuser-Busch has three of its facilities in Idaho, which provide a huge percentage of the malt for breweries across the United States. The average income is lower than the United States average, but the overall economy is healthy and provides plenty of opportunities for growth. Micron Technology, Boise State University, and the Mountain Home Air Force Base are the 3 largest employers in the state.