Interest shall be allowed on all money due on judgments and decrees of courts at the rate of ten percent per year, unless a different rate is fixed by the contract on which the judgment or decree is rendered, in which case the judgment or decree shall draw interest at the rate expressed in the contract, not exceeding the maximum applicable rate permitted by the provisions of section 535.2, which rate must be expressed in the judgment or decree. The interest shall accrue from the date of the commencement of the action.
This section does not apply to the award of interest for judgments and decrees subject to section 668.13.
[C51, § 946; R60, § 1789; C73, § 2078; C97, § 3039; C24, 27, 31, 35, 39, § 9405; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, S79, C81, § 535.3]
87 Acts, ch 157, §1
Referred to in § 85.22, 85.30, 85.47, 85.48, 87.11, 230.12, 249A.5, 249B.6, 252C.6, 411.22, 445.3, 502.102, 515B.5, 535.11, 657A.3, 657A.6, 715B.4
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