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Judgment
Interest: 10%
Domestic Judgment
Statute of Limitations: 10 years - renewable in
the 9th year
Foreign Judgment
Statute of Limitations: 10 years - renewable in the 9th
year
Wage
Garnishment: Yes
General Wage
Garnisment Exemptions: See Federal exemptions below. Iowa also
has a complex set of garnishment rules which
follow:642.21 Exemption from net earnings.
1. The disposable earnings of an individual are exempt from
garnishment to the extent provided by the federal Consumer Credit
Protection Act, Title III, 15 U.S.C. secs. 1671-1677 (1982). The
maximum amount of an employee's earnings which may be garnished
during any one calendar year is two hundred fifty dollars for each
judgment creditor, except as provided in chapter 252D and sections
598.22, 598.23, and 627.12, or when those earnings are reasonably
expected to be in excess of twelve thousand dollars for that
calendar year as determined from the answers taken by the sheriff or
by the court pursuant to section 642.5, subsection 4. When the
employee's earnings are reasonably expected to be more than twelve
thousand dollars the maximum amount of those earnings which may be
garnished during a calendar year for each creditor is as follows:
a. Employees with expected earnings of twelve thousand dollars
or more, but less than sixteen thousand dollars, not more than four
hundred dollars may be garnished. b. Employees with expected
earnings of sixteen thousand dollars or more, but less than
twenty-four thousand dollars, not more than eight hundred dollars
may be garnished. c. Employees with expected earnings of
twenty-four thousand dollars or more, but less than thirty-five
thousand dollars, not more than one thousand five hundred dollars
may be garnished. d. Employees with expected earnings of
thirty-five thousand dollars or more, but less than fifty thousand
dollars, not more than two thousand dollars may be garnished. e.
Employees with expected earnings of fifty thousand dollars or more,
not more than ten percent of an employee's expected earnings. 2.
No employer shall: a. Withhold from the earnings of an individual
an amount greater than that provided by law. b. Dispose of
garnished wages in any manner other than ordered by a court of
law. c. Discharge an individual by reason of the individual's
earnings having been subject to garnishment for indebtedness. d.
Be held liable for an amount not earned at the time of the service
of notice of garnishment or for the costs of a garnishment
action. 3. For the purpose of this section: a. The term
"earnings" means compensation paid or payable for personal services,
whether denominated as wages, salary, commission, bonus, or
otherwise, and includes periodic payments pursuant to a pension or
retirement program. b. The term "disposable earnings" means that
part of the earnings of any individual remaining after the deduction
from those earnings of any amounts required by law to be withheld.
Federal
Law exempts from garnishment 75% of disposable earnings per
week, or an amount = to 30 x federal minimum hourly wage,
whichever is greater. Where federal law provides larger
exemption, it supersedes any state law.
Community
Property State: No
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