Iowa Debt Collection Laws and Statutes

Iowa Debt Collection Laws and Statutes

AccountsReceivable.com handles debt collections throughout the entire state of Iowa.

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.

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