Iowa Statute of Limitations

Iowa Collection Agency Laws

Every Iowa Collection Agency may collect files in Ames, Cedar Rapids, Council Bluffs, Davenport, Des Moines, Dubuque, Iowa City, Sioux City, Waterloo, and West Des Moines.

Recover your delinquent accounts through an Iowa Collection Agency Service. Iowa collection agency services can locate debtors and collect the money owed to your business, practice or facility. Using a Iowa collection agency service can save you time and money.

With our custom-designed debt collection system, our collection agency can be more effective in recovering delinquent accounts, after more than 31 days have passed. We offer two ways to collect, which are our contingency method or our low flat fee instead of a percentage.

Following is some important information on Iowa state debt recovery laws including: Iowa Statutes, Iowa Judgments, Iowa Garnishments, Iowa Interest Rates, and Iowa 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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