Below you will find important information on Iowa state debt recovery laws including: Iowa Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.
STATE: IOWA
Interest Rate
- Legal & Judgment: legal floating rate per T-Bill
STATUTE OF LIMITATIONS (IN YEARS)
- Open Account: 5
- Written Contract: 10
- Domestic Judgment: 10 – can be renewed in th 9th year
- Foreign Judgment: 10 – can be renwed in the 9th year
BAD CHECK LAWS (CIVIL PENALTY)
537.2501G allows 5% of check or $20.00, whichever is greater. 625.22 allows for reasonable attorney fees.
GENERAL GARNISHMENT EXEMPTIONS
See federal law.