|Location||Statute of Limitations||Collection Agency Bond and License||General Garnishment Exemption|
|Open Account Years||Contract in Writing Years||Domestic Judgements Years||Foreign Judgements Years||Bond||License||Fee||**|
|IOWA||5||10||20||20||No||If collns. exceed $25,000, must notify state and pay $10 fee||See fed. law. For consumer cred. transactions, 75% of disposable earnings for wk. or 30 x fed. min. hourly wage, whichever is greater. Consumer may apply to court for greater exemption.|
STATES HAVING COMMUNITY PROPERTY LAWS
Arizona California Idaho Louisiana Wisconsin
Nevada New Mexico Texas Washington
** Federal law exempts from garnishment 75% of Open Contracts Domestic Foreign disposable earnings per work wk. or an amount equal Accounts in Writing Judgments Judgments to 30 x fed. min. hourly wage, whichever is greater.