Iowa Code

Iowa Code § 554.9610 (2026)

Disposition of collateral after default

✓ current as of July 2026

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1. Disposition after default. After default, a secured party may sell, lease, license, or otherwise dispose of any or all of the collateral in its present condition or following any commercially reasonable preparation or processing.

2. Commercially reasonable disposition. Every aspect of a disposition of collateral, including the method, manner, time, place, and other terms, must be commercially reasonable. If commercially reasonable, a secured party may dispose of collateral by public or private proceedings, by one or more contracts, as a unit or in parcels, and at any time and place and on any terms.

3. Purchase by secured party. A secured party may purchase collateral:

a. at a public disposition; or

b. at a private disposition only if the collateral is of a kind that is customarily sold on a recognized market or the subject of widely distributed standard price quotations.

4. Warranties on disposition. A contract for sale, lease, license, or other disposition includes the warranties relating to title, possession, quiet enjoyment, and the like which by operation of law accompany a voluntary disposition of property of the kind subject to the contract.

5. Disclaimer of warranties. A secured party may disclaim or modify warranties under subsection 4:

a. in a manner that would be effective to disclaim or modify the warranties in a voluntary disposition of property of the kind subject to the contract of disposition; or

b. by communicating to the purchaser a record evidencing the contract for disposition and including an express disclaimer or modification of the warranties.

6. Record sufficient to disclaim warranties. A record is sufficient to disclaim warranties under subsection 5 if it indicates “There is no warranty relating to title, possession, quiet enjoyment, or the like in this disposition” or uses words of similar import. 2000 Acts, ch 1149, §108, 187 Referred to in §554.9406, 554.9408, 554.9602, 554.9609, 554.9611, 554.9615, 554.9616, 554.9618, 554.9620, 554.9623\n\nTue Dec 09 22:02:43 2025 Iowa Code 2026, Chapter 554 (108, 4) §554.9611, UNIFORM COMMERCIAL CODE 214 \n

Notes of Decisions

Cited in 5 cases (1 in the last 5 years), 2013–2022 · leading case: Gen. Elec. Capital Corp. v. FPL Serv. Corp., 986 F. Supp. 2d 1029 (N.D. Iowa 2013).

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Gen. Elec. Capital Corp. v. FPL Serv. Corp., 986 F. Supp. 2d 1029 (N.D. Iowa 2013). · cites it 7× “See Iowa Code § 554.9610 (2) (requiring a commercially reasonable disposition); id.”

Gen. Elec. Capital Corp. v. FPL Serv. Corp., 995 F. Supp. 2d 935 (N.D. Iowa 2014). · cites it 2× “11, at 5), as required by Iowa Code § 554.9610 (2). Second, FPL notes that GECC never gave FPL notice that it planned to resell the second copier, as required by Iowa Code § 554.”

Joel Donald Kurtenbach (Bankr. D. Iowa 2020). · cites it 5× “Iowa Code § 554.9610 Upon default, a secured party may “sell…or otherwise dispose of any or all of the collateral…”.”

RSB Ent., LLC d/b/a Plaza Bowl & Richard J. Moores v. Heritage Bank, N.A. (Iowa Ct. App. 2020). · cites it 2× “” Iowa Code § 554.9610 (2). “A creditor is additionally required to provide the debtor .”

Ford Motor Credit Co., LLC v. Jana R. Bleeker (Iowa Ct. App. 2022). · cites it 2× “9611 (2) (“[A] secured party that disposes of collateral under section 554.9610 shall send to [the debtor] a reasonable authenticated notification of disposition.”

— Iowa Code § 554.9610(2) — 1 case

Gen. Elec. Capital Corp. v. FPL Serv. Corp., 986 F. Supp. 2d 1029 (N.D. Iowa 2013). “See Iowa Code § 554.9610 (2) (requiring a commercially reasonable disposition); id.”

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