Debt Collection Problems

Debt Collection Laws

Iowa Statute of Limitations on Debt Collection

Open account: 5 years from last charge, payment, or admission of debt in writing. Unwritten contracts: 5 years from breach.

Written contracts: 10 years from breach.

Demand note: 10 years from date of note.

Judgments: 20 years. However, an action brought on a judgment after nine years but not more than ten years can be brought to renew the judgment.

NOTE: Deficiency judgments on most residential foreclosures, and judgments on mortgage notes are without value two years from date of judgment.