IOWA  INTEREST RATE - Legal: 5% - Judgment 10% STATUTE OF LIMITATIONS (IN YEARS) - Open Acct: 5 - Written Contract 10 - Domestic Judgment 10 - can be renewed in the next year - Foreign Judgment 10 - can be renewed in the next year BAD CHECK LAWS (CIVIL PENALTY) - Triple check up to $500 over check amount GENERAL GARNISHMENT EXEMPTIONS - See federal law. COLLECTION AGENCY BOND & LICENSE - Bond: No - License: No - Fee: No