{"data":{"id":"us-ia/iowa-code-554.9611","jurisdiction":"us-ia","citation":"Iowa Code § 554.9611","heading":"Notification before disposition of collateral.","body":"1. In this section, “notification date” means the earlier of the dates on which:\na. a secured party sends to the debtor and any secondary obligor a signed notification of disposition; or\nb. the debtor and any secondary obligor waive the right to notification.\n2. Except as otherwise provided in subsection 4, a secured party that disposes of collateral under section 554.9610 shall send to the persons specified in subsection 3 a reasonable signed notification of disposition.\n3. To comply with subsection 2, the secured party shall send a signed notification of disposition to:\na. the debtor;\nb. any secondary obligor; and\nc. if the collateral is other than consumer goods:\n(1) any other person from which the secured party has received, before the notification date, a signed notification of a claim of an interest in the collateral;\n(2) any other secured party or lienholder that, ten days before the notification date, held a security interest in or other lien on the collateral perfected by the filing of a financing statement that:\n(a) identified the collateral;\n(b) was indexed under the debtor’s name as of that date; and\n(c) was filed in the office in which to file a financing statement against the debtor covering the collateral as of that date; and\n(3) any other secured party that, ten days before the notification date, held a security interest in the collateral perfected by compliance with a statute, regulation, or treaty described in section 554.9311, subsection 1.\n4. Subsection 2 does not apply if the collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market.\n5. A secured party complies with the requirement for notification prescribed by subsection 3, paragraph “c”, subparagraph (2), if:\na. not later than twenty days or earlier than thirty days before the notification date, the secured party requests, in a commercially reasonable manner, information concerning financing statements indexed under the debtor’s name in the office indicated in subsection 3, paragraph “c”, subparagraph (2); and\nb. before the notification date, the secured party:\n(1) did not receive a response to the request for information; or\n(2) received a response to the request for information and sent a signed notification of disposition to each secured party or other lienholder named in that response whose financing statement covered the collateral.","path":["Title XIII - COMMERCE (Ch. 505 - 554I)","Chapter 554 - UNIFORM COMMERCIAL CODE","Article 9 - SECURED TRANSACTIONS","Part 6 - DEFAULT","Subpart A - DEFAULT AND ENFORCEMENT OF SECURITY INTEREST"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/554.9611.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:15Z","sha256":"2dbd76641259c3c06ec63b17d10551c7e771d6260f335fa89cc1cb6b7869d362","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-554.9610","next":"us-ia/iowa-code-554.9612"},"notice":"GroundRules: Original legal text. Not legal advice."}