reglab/housing_qa huggingface dataset:
IA Code § 554.9336 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9336 - Commingled goods.

554.9336 Commingled goods.   1. Commingled goods. In this section, “commingled goods” means goods that are physically united with other goods in such a manner that their identity is lost in a product or mass.   2. No security interest in commingled goods as such. A security interest does not exist in commingled goods as such. However, a security interest may attach to a product or mass that results when goods become commingled goods.   3. Attachment of security interest to product or mass. If collateral becomes commingled goods, a security interest attaches to the product or mass.   4. Perfection of security interest. If a security interest in collateral is perfected before the collateral becomes commingled goods, the security interest that attaches to the product or mass under subsection 3 is perfected.   5. Priority of security interest. Except as otherwise provided in subsection 6, the other provisions of this part determine the priority of a security interest that attaches to the product or mass under subsection 3.   6. Conflicting security interests in product or mass. If more than one security interest attaches to the product or mass under subsection 3, the following rules determine priority:   a. A security interest that is perfected under subsection 4 has priority over a security interest that is unperfected at the time the collateral becomes commingled goods.   b. If more than one security interest is perfected under subsection 4, the security interests rank equally in proportion to the value of the collateral at the time it became commingled goods.  2000 Acts, ch 1149, §56, 187  Referred to in §554.9315
IA Code § 554.9337 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9337 - Priority of security interests in goods covered by certificate of title.

554.9337 Priority of security interests in goods covered by certificate of title.   If, while a security interest in goods is perfected by any method under the law of another jurisdiction, this state issues a certificate of title that does not show that the goods are subject to the security interest or contain a statement that they may be subject to security interests not shown on the certificate:   1. a buyer of the goods, other than a person in the business of selling goods of that kind, takes free of the security interest if the buyer gives value and receives delivery of the goods after issuance of the certificate and without knowledge of the security interest; and   2. the security interest is subordinate to a conflicting security interest in the goods that attaches, and is perfected under section 554.9311, subsection 2, after issuance of the certificate and without the conflicting secured party’s knowledge of the security interest.  2000 Acts, ch 1149, §57, 187
IA Code § 554.9338 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9338 - Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information.

554.9338 Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information.   If a security interest or agricultural lien is perfected by a filed financing statement providing information described in section 554.9516, subsection 2, paragraph “e”, which is incorrect at the time the financing statement is filed:   1. the security interest or agricultural lien is subordinate to a conflicting perfected security interest in the collateral to the extent that the holder of the conflicting security interest gives value in reasonable reliance upon the incorrect information; and   2. a purchaser, other than a secured party, of the collateral takes free of the security interest or agricultural lien to the extent that, in reasonable reliance upon the incorrect information, the purchaser gives value and, in the case of tangible chattel paper, tangible documents, goods, instruments, or a security certificate, receives delivery of the collateral.  2000 Acts, ch 1149, §58, 187; 2007 Acts, ch 30, §45, 46, 75  Referred to in §554.9520
IA Code § 554.9339 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9339 - Priority subject to subordination.

554.9339 Priority subject to subordination.   This Article does not preclude subordination by agreement by a person entitled to priority.  2000 Acts, ch 1149, §59, 187
IA Code § 554.9340 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9340 - Effectiveness of right of recoupment or setoff against deposit account.

554.9340 Effectiveness of right of recoupment or setoff against deposit account.   1. Exercise of recoupment or setoff. Except as otherwise provided in subsection 3, a bank with which a deposit account is maintained may exercise any right of recoupment or setoff against a secured party that holds a security interest in the deposit account.   2. Recoupment or setoff not affected by security interest. Except as otherwise provided in subsection 3, the application of this Article to a security interest in a deposit account does not affect a right of recoupment or setoff of the secured party as to a deposit account maintained with the secured party.   3. When setoff ineffective. The exercise by a bank of a setoff against a deposit account is ineffective against a secured party that holds a security interest in the deposit account which is perfected by control under section 554.9104, subsection 1, paragraph “c”, if the setoff is based on a claim against the debtor.  2000 Acts, ch 1149, §60, 187  Referred to in §554.9109, 554.9341
IA Code § 554.9341 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9341 - Bank’s rights and duties with respect to deposit account.

554.9341 Bank’s rights and duties with respect to deposit account.   Except as otherwise provided in section 554.9340, subsection 3, and unless the bank otherwise agrees in an authenticated record, a bank’s rights and duties with respect to a deposit account maintained with the bank are not terminated, suspended, or modified by:   1. the creation, attachment, or perfection of a security interest in the deposit account;   2. the bank’s knowledge of the security interest; or   3. the bank’s receipt of instructions from the secured party.  2000 Acts, ch 1149, §61, 187
IA Code § 554.9342 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9342 - Bank’s right to refuse to enter into or disclose existence of control agreement.

554.9342 Bank’s right to refuse to enter into or disclose existence of control agreement.   This Article does not require a bank to enter into an agreement of the kind described in section 554.9104, subsection 1, paragraph “b”, even if its customer so requests or directs. A bank that has entered into such an agreement is not required to confirm the existence of the agreement to another person unless requested to do so by its customer.  2000 Acts, ch 1149, §62, 187
IA Code § 554.9401 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9401 - Alienability of debtor’s rights.

554.9401 Alienability of debtor’s rights.   1. Other law governs alienability — exceptions. Except as otherwise provided in subsection 2 and sections 554.9406, 554.9407, 554.9408, and 554.9409, whether a debtor’s rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this Article.   2. Agreement does not prevent transfer. An agreement between the debtor and secured party which prohibits a transfer of the debtor’s rights in collateral or makes the transfer a default does not prevent the transfer from taking effect.  2000 Acts, ch 1149, §63, 185, 187
IA Code § 554.9402 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9402 - Secured party not obligated on contract of debtor or in tort.

554.9402 Secured party not obligated on contract of debtor or in tort.   The existence of a security interest, agricultural lien, or authority given to a debtor to dispose of or use collateral, without more, does not subject a secured party to liability in contract or tort for the debtor’s acts or omissions.  2000 Acts, ch 1149, §64, 185, 187
IA Code § 554.9403 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9403 - Agreement not to assert defenses against assignee.

554.9403 Agreement not to assert defenses against assignee.   1. Value. In this section, “value” has the meaning provided in section 554.3303, subsection 1.   2. Agreement not to assert claim or defense. Except as otherwise provided in this section, an agreement between an account debtor and an assignor not to assert against an assignee any claim or defense that the account debtor may have against the assignor is enforceable by an assignee that takes an assignment:   a. for value;   b. in good faith;   c. without notice of a claim of a property or possessory right to the property assigned; and   d. without notice of a defense or claim in recoupment of the type that may be asserted against a person entitled to enforce a negotiable instrument under section 554.3305, subsection 1.   3. When subsection 2 not applicable. Subsection 2 does not apply to defenses of a type that may be asserted against a holder in due course of a negotiable instrument under section 554.3305, subsection 2.   4. Omission of required statement in consumer transaction. In a consumer transaction, if a record evidences the account debtor’s obligation, law other than this Article requires that the record include a statement to the effect that the rights of an assignee are subject to claims or defenses that the account debtor could assert against the original obligee, and the record does not include such a statement:   a. the record has the same effect as if the record included such a statement; and   b. the account debtor may assert against an assignee those claims and defenses that would have been available if the record included such a statement.   5. Rule for individual under other law. This section is subject to law other than this Article which establishes a different rule for an account debtor who is an individual and who incurred the obligation primarily for personal, family, or household purposes.   6. Other law not displaced. Except as otherwise provided in subsection 4, this section does not displace law other than this Article which gives effect to an agreement by an account debtor not to assert a claim or defense against an assignee.  2000 Acts, ch 1149, §65, 185, 187
IA Code § 554.9404 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9404 - Rights acquired by assignee — claims and defenses against assignee.

554.9404 Rights acquired by assignee — claims and defenses against assignee.   1. Assignee’s rights subject to terms, claims, and defenses — exceptions. Unless an account debtor has made an enforceable agreement not to assert defenses or claims, and subject to subsections 2 through 5, the rights of an assignee are subject to:   a. all terms of the agreement between the account debtor and assignor and any defense or claim in recoupment arising from the transaction that gave rise to the contract; and   b. any other defense or claim of the account debtor against the assignor which accrues before the account debtor receives a notification of the assignment authenticated by the assignor or the assignee.   2. Account debtor’s claim reduces amount owed to assignee. Subject to subsection 3 and except as otherwise provided in subsection 4, the claim of an account debtor against an assignor may be asserted against an assignee under subsection 1 only to reduce the amount the account debtor owes.   3. Rule for individual under other law. This section is subject to law other than this Article which establishes a different rule for an account debtor who is an individual and who incurred the obligation primarily for personal, family, or household purposes.   4. Omission of required statement in consumer transaction. In a consumer transaction, if a record evidences the account debtor’s obligation, law other than this Article requires that the record include a statement to the effect that the account debtor’s recovery against an assignee with respect to claims and defenses against the assignor may not exceed amounts paid by the account debtor under the record, and the record does not include such a statement, the extent to which a claim of an account debtor against the assignor may be asserted against an assignee is determined as if the record included such a statement.   5. Inapplicability to health care insurance receivable. This section does not apply to an assignment of a health care insurance receivable.  2000 Acts, ch 1149, §66, 185, 187  Referred to in §539.1, 539.2, 539.3, 554.9109
IA Code § 554.9405 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9405 - Modification of assigned contract.

554.9405 Modification of assigned contract.   1. Effect of modification on assignee. A modification of or substitution for an assigned contract is effective against an assignee if made in good faith. The assignee acquires corresponding rights under the modified or substituted contract. The assignment may provide that the modification or substitution is a breach of contract by the assignor. This subsection is subject to subsections 2 through 4.   2. Applicability of subsection 1. Subsection 1 applies to the extent that:   a. the right to payment or a part thereof under an assigned contract has not been fully earned by performance; or   b. the right to payment or a part thereof has been fully earned by performance and the account debtor has not received notification of the assignment under section 554.9406, subsection 1.   3. Rule for individual under other law. This section is subject to law other than this Article which establishes a different rule for an account debtor who is an individual and who incurred the obligation primarily for personal, family, or household purposes.   4. Inapplicability to health care insurance receivable. This section does not apply to an assignment of a health care insurance receivable.  2000 Acts, ch 1149, §67, 185, 187  Referred to in §539.1, 539.2, 539.3
IA Code § 554.9407 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9407 - Restrictions on creation or enforcement of security interest in leasehold interest or in lessor’s residual interest.

554.9407 Restrictions on creation or enforcement of security interest in leasehold interest or in lessor’s residual interest.   1. Term restricting assignment generally ineffective. Except as otherwise provided in subsection 2, a term in a lease agreement is ineffective to the extent that it:   a. prohibits, restricts, or requires the consent of a party to the lease to the assignment or transfer of, or the creation, attachment, perfection, or enforcement of a security interest in, an interest of a party under the lease contract or in the lessor’s residual interest in the goods; or   b. provides that the assignment or transfer or the creation, attachment, perfection, or enforcement of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination, or remedy under the lease.   2. Effectiveness of certain terms. Except as otherwise provided in section 554.13303, subsection 7, a term described in subsection 1, paragraph “b”, is effective to the extent that there is:   a. a transfer by the lessee of the lessee’s right of possession or use of the goods in violation of the term; or   b. a delegation of a material performance of either party to the lease contract in violation of the term.   3. Security interest not material impairment. The creation, attachment, perfection, or enforcement of a security interest in the lessor’s interest under the lease contract or the lessor’s residual interest in the goods is not a transfer that materially impairs the lessee’s prospect of obtaining return performance or materially changes the duty of or materially increases the burden or risk imposed on the lessee within the purview of section 554.13303, subsection 3, unless, and then only to the extent that, enforcement actually results in a delegation of material performance of the lessor.  2000 Acts, ch 1149, §69, 185, 187  Referred to in §554.9401, 554.9406, 554.13303
IA Code § 554.9409 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9409 - Restrictions on assignment of letter-of-credit rights ineffective.

554.9409 Restrictions on assignment of letter-of-credit rights ineffective.   1. Term or law restricting assignment generally ineffective. A term in a letter of credit or a rule of law, statute, regulation, custom, or practice applicable to the letter of credit which prohibits, restricts, or requires the consent of an applicant, issuer, or nominated person to a beneficiary’s assignment of or creation of a security interest in a letter-of-credit right is ineffective to the extent that the term or rule of law, statute, regulation, custom, or practice:   a. would impair the creation, attachment, or perfection of a security interest in the letter-of-credit right; or   b. provides that the assignment or the creation, attachment, or perfection of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination, or remedy under the letter-of-credit right.   2. Limitation on ineffectiveness under subsection 1. To the extent that a term in a letter of credit is ineffective under subsection 1 but would be effective under law other than this Article or a custom or practice applicable to the letter of credit, to the transfer of a right to draw or otherwise demand performance under the letter of credit, or to the assignment of a right to proceeds of the letter of credit, the creation, attachment, or perfection of a security interest in the letter-of-credit right:   a. is not enforceable against the applicant, issuer, nominated person, or transferee beneficiary;   b. imposes no duties or obligations on the applicant, issuer, nominated person, or transferee beneficiary; and   c. does not require the applicant, issuer, nominated person, or transferee beneficiary to recognize the security interest, pay or render performance to the secured party, or accept payment or other performance from the secured party.  2000 Acts, ch 1149, §71, 187  Referred to in §554.9401
IA Code § 554.9501 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9501 - Filing office.

554.9501 Filing office.   1. Filing offices. Except as otherwise provided in subsection 2, if the local law of this state governs perfection of a security interest or agricultural lien, the office in which to file a financing statement to perfect the security interest or agricultural lien is:   a. the office designated for the filing or recording of a record of a mortgage on the related real property, if:   (1) the collateral is as-extracted collateral or timber to be cut; or   (2) the financing statement is filed as a fixture filing and the collateral is goods that are or are to become fixtures; or   b. the office of the secretary of state in all other cases, including a case in which the collateral is goods that are or are to become fixtures and the financing statement is not filed as a fixture filing.   2. Filing office for transmitting utilities. The office in which to file a financing statement to perfect a security interest in collateral, including fixtures, of a transmitting utility is the office of the secretary of state. The financing statement also constitutes a fixture filing as to the collateral indicated in the financing statement which is or is to become fixtures.  2000 Acts, ch 1149, §72, 185, 187  Referred to in §554.9102, 554.9109, 554.9502, 554.9512, 554.9516, 554.9519, 554.9522, 554B.1  What constitutes filing, §554.9516  Duties and operation of filing office, §554.9519 – 554.9527
IA Code § 554.9502 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9502 - Contents of financing statement — record of mortgage as financing statement — time of filing financing statement.

554.9502 Contents of financing statement — record of mortgage as financing statement — time of filing financing statement.   1. Sufficiency of financing statement. Subject to subsection 2, a financing statement is sufficient only if it:   a. provides the name of the debtor;   b. provides the name of the secured party or a representative of the secured party; and   c. indicates the collateral covered by the financing statement.   2. Real-property-related financing statements. Except as otherwise provided in section 554.9501, subsection 2, to be sufficient, a financing statement that covers as-extracted collateral or timber to be cut, or which is filed as a fixture filing and covers goods that are or are to become fixtures, must satisfy subsection 1 and also:   a. indicate that it covers this type of collateral;   b. indicate that it is to be filed for record in the real property records;   c. provide a description of the real property to which the collateral is related sufficient to give constructive notice of a mortgage under the law of this state if the description were contained in a record of the mortgage of the real property; and   d. if the debtor does not have an interest of record in the real property, provide the name of a record owner.   3. Record of mortgage as financing statement. A record of a mortgage is effective, from the date of recording, as a financing statement filed as a fixture filing or as a financing statement covering as-extracted collateral or timber to be cut only if:   a. the record indicates the goods or accounts that it covers;   b. the goods are or are to become fixtures related to the real property described in the record or the collateral is related to the real property described in the record and is as-extracted collateral or timber to be cut;   c. the record satisfies the requirements for a financing statement in this section, but   (1) the record need not indicate that it is to be filed in the real property records; and   (2) the record sufficiently provides the name of a debtor who is an individual if it provides the individual name of the debtor or the surname and first personal name of the debtor, even if the debtor is an individual to whom section 554.9503, subsection 1, paragraph “d” applies; and   d. the record is duly recorded.   4. Filing before security agreement or attachment. A financing statement may be filed before a security agreement is made or a security interest otherwise attaches.  2000 Acts, ch 1149, §73, 185, 187; 2012 Acts, ch 1052, §12, 37; 2014 Acts, ch 1092, §124  Referred to in §554.9102, 554.9109, 554.9512, 554.9514, 554.9515, 554.9520, 554.9525, 554.13309, 570A.4, 571.3, 579A.2, 579B.4, 581.3
IA Code § 554.9504 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9504 - Indication of collateral.

554.9504 Indication of collateral.   A financing statement sufficiently indicates the collateral that it covers if the financing statement provides:   1. a description of the collateral pursuant to section 554.9108; or   2. an indication that the financing statement covers all assets or all personal property.  2000 Acts, ch 1149, §75, 185, 187