Iowa Code 626.42 – Statement of indebtedness
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Terms Used In Iowa Code 626.42
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
- Writ: A formal written command, issued from the court, requiring the performance of a specific act.
For the purpose of enabling the attaching or execution creditor to determine the amount to be tendered or deposited to hold the levy under the writ of attachment or execution, the person entitled to receive payment of the secured debt shall deliver to any such person, upon written demand therefor, a statement in writing under oath, showing the nature and amount of the original debt, the date and the amount of each payment, if any, which has been made thereon, and an itemized statement of the amount then due and unpaid.