Iowa Subcontractor's Notice of Nonpayment by Corporation

State:
Iowa
Control #:
IA-09A-09
Format:
Word; 
Rich Text
Instant download

Description

It is permissible under Iowa law for a subcontractor to bring a legal action against a principal contractor for the value of labor and/or materials furnished by the subcontractor. However, prior to bringing such a suit, the subcontractor must furnish the contractor with a notice of non-payment, delivered in a reasonable manner. In a subsequent lawsuit the amount of damages that can be awarded to the subcontractor may be limited if the contractor provides a bond to the circuit clerk within fifteen days of receipt of this notice.

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Iowa Subcontractor's Notice of Nonpayment by Corporation