Iowa Code

Iowa Code § 554.9627 (2026)

Determination of whether conduct was commercially reasonable

✓ current as of July 2026

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1. Greater amount obtainable under other circumstances — no preclusion of commercial reasonableness. The fact that a greater amount could have been obtained by a collection, enforcement, disposition, or acceptance at a different time or in a different method from that selected by the secured party is not of itself sufficient to preclude the secured party from establishing that the collection, enforcement, disposition, or acceptance was made in a commercially reasonable manner.

2. Dispositions that are commercially reasonable. A disposition of collateral is made in a commercially reasonable manner if the disposition is made:

a. in the usual manner on any recognized market;

b. at the price current in any recognized market at the time of the disposition; or

c. otherwise in conformity with reasonable commercial practices among dealers in the type of property that was the subject of the disposition.

3. Approval by court or on behalf of creditors. A collection, enforcement, disposition, or acceptance is commercially reasonable if it has been approved:

a. in a judicial proceeding;

b. by a bona fide creditors’ committee;

c. by a representative of creditors; or

d. by an assignee for the benefit of creditors.

4. Approval under subsection 3 not necessary — absence of approval has no effect. Approval under subsection 3 need not be obtained, and lack of approval does\n\nTue Dec 09 22:02:43 2025 Iowa Code 2026, Chapter 554 (108, 4) 225 UNIFORM COMMERCIAL CODE, §554.9628\n\nnot mean that the collection, enforcement, disposition, or acceptance is not commercially reasonable. 2000 Acts, ch 1149, §125, 187 \n

Notes of Decisions

Cited in 2 cases, 2013–2014 · 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 3× “” Iowa Code § 554.9627 (2)(c). *1041 I cannot rely on Tyler’s statements, however, because most of them are not admissible evidence, at least in their current form.”

Gen. Elec. Capital Corp. v. FPL Serv. Corp., 995 F. Supp. 2d 935 (N.D. Iowa 2014). · cites it 3× “O’Connor’s declaration provides evidence, from a source with personal knowledge, that the manner in which Remarketing resold the two copiers “conform[ed] with reasonable commercial practices among dealers in the type of property that was the subject of the disposition.”

— Iowa Code § 554.9627(2)(c) — 2 cases

Gen. Elec. Capital Corp. v. FPL Serv. Corp., 986 F. Supp. 2d 1029 (N.D. Iowa 2013). “” Iowa Code § 554.9627 (2)(c). *1041 I cannot rely on Tyler’s statements, however, because most of them are not admissible evidence, at least in their current form.”

Gen. Elec. Capital Corp. v. FPL Serv. Corp., 995 F. Supp. 2d 935 (N.D. Iowa 2014). “O’Connor’s declaration provides evidence, from a source with personal knowledge, that the manner in which Remarketing resold the two copiers “conform[ed] with reasonable commercial practices among dealers in the type of property that was the subject of the disposition.”

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