MORTGAGE --------Iowa • December 26th, 1996 • Gencor Industries Inc • Construction machinery & equip
Contract Type FiledDecember 26th, 1996 Company Industry
Contract (written)—ten years, § 614.1(5) Contract (oral) —five years, § 614.1(4) Sale of goods—four years, § 554.2725Iowa • October 14th, 2015
Contract Type FiledOctober 14th, 2015Creditor did not produce a “written promise by [debtor] to pay money.” Cardholder agreement did not suffice as such; therefore the five year limitations period by § 614.1(4) applied to a suit to recover credit card debt. Gemini Capital Group v. New, 807 N.W.2d 157 (Iowa Ct. App. 2011).