reglab/housing_qa huggingface dataset:
IA Code § 554.9301 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9301 - Law governing perfection and priority of security interests.

554.9301 Law governing perfection and priority of security interests.   Except as otherwise provided in sections 554.9303, 554.9304, 554.9305, and 554.9306, the following rules determine the law governing perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral:   1. Except as otherwise provided in this section, while a debtor is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral.   2. While collateral is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a possessory security interest in that collateral.   3. Except as otherwise provided in subsection 4, while tangible negotiable documents, goods, instruments, money, or tangible chattel paper is located in a jurisdiction, the local law of that jurisdiction governs:   a. perfection of a security interest in the goods by filing a fixture filing;   b. perfection of a security interest in timber to be cut; and   c. the effect of perfection or nonperfection and the priority of a nonpossessory security interest in the collateral.   4. The local law of the jurisdiction in which the wellhead or minehead is located governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in as-extracted collateral.  2000 Acts, ch 1149, §21, 185, 187; 2007 Acts, ch 30, §45, 46, 69  Referred to in §554.1301, 554.9316
IA Code § 554.9302 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9302 - Law governing perfection and priority of agricultural liens.

554.9302 Law governing perfection and priority of agricultural liens.   While farm products are located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of an agricultural lien on the farm products.  2000 Acts, ch 1149, §22, 185, 187  Referred to in §554.1301, 579A.2, 579B.3
IA Code § 554.9303 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9303 - Law governing perfection and priority of security interests in goods covered by a certificate of title.

554.9303 Law governing perfection and priority of security interests in goods covered by a certificate of title.   1. Applicability of section. This section applies to goods covered by a certificate of title, even if there is no other relationship between the jurisdiction under whose certificate of title the goods are covered and the goods or the debtor.   2. When goods covered by certificate of title. Goods become covered by a certificate of title when a valid application for the certificate of title and the applicable fee are delivered to the appropriate authority. Goods cease to be covered by a certificate of title at the earlier of the time the certificate of title ceases to be effective under the law of the issuing jurisdiction or the time the goods become covered subsequently by a certificate of title issued by another jurisdiction.   3. Applicable law. The local law of the jurisdiction under whose certificate of title the goods are covered governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in goods covered by a certificate of title from the time the goods become covered by the certificate of title until the goods cease to be covered by the certificate of title.  2000 Acts, ch 1149, §23, 185, 187  Referred to in §321.50, 554.1301, 554.9301
IA Code § 554.9304 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9304 - Law governing perfection and priority of security interests in deposit accounts.

554.9304 Law governing perfection and priority of security interests in deposit accounts.   1. Law of bank’s jurisdiction governs. The local law of a bank’s jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a deposit account maintained with that bank.   2. Bank’s jurisdiction. The following rules determine a bank’s jurisdiction for purposes of this part:   a. If an agreement between the bank and the debtor governing the deposit account expressly provides that a particular jurisdiction is the bank’s jurisdiction for purposes of this part, this Article, or this chapter, that jurisdiction is the bank’s jurisdiction.   b. If paragraph “a” does not apply and an agreement between the bank and its customer governing the deposit account expressly provides that the agreement is governed by the law of a particular jurisdiction, that jurisdiction is the bank’s jurisdiction.   c. If neither paragraph “a” nor paragraph “b” applies and an agreement between the bank and its customer governing the deposit account expressly provides that the deposit account is maintained at an office in a particular jurisdiction, that jurisdiction is the bank’s jurisdiction.   d. If none of the preceding paragraphs applies, the bank’s jurisdiction is the jurisdiction in which the office identified in an account statement as the office serving the customer’s account is located.   e. If none of the preceding paragraphs applies, the bank’s jurisdiction is the jurisdiction in which the chief executive office of the bank is located.  2000 Acts, ch 1149, §24, 185, 187  Referred to in §554.1301, 554.9301
IA Code § 554.9306 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9306 - Law governing perfection and priority of security interests in letter-of-credit rights.

554.9306 Law governing perfection and priority of security interests in letter-of-credit rights.   1. Governing law — issuer’s or nominated person’s jurisdiction. Subject to subsection 3, the local law of the issuer’s jurisdiction or a nominated person’s jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a letter-of-credit right if the issuer’s jurisdiction or nominated person’s jurisdiction is a state.   2. Issuer’s or nominated person’s jurisdiction. For purposes of this part, an issuer’s jurisdiction or nominated person’s jurisdiction is the jurisdiction whose law governs the liability of the issuer or nominated person with respect to the letter-of-credit right as provided in section 554.5116.   3. When section not applicable. This section does not apply to a security interest that is perfected only under section 554.9308, subsection 4.  2000 Acts, ch 1149, §26, 185, 187  Referred to in §554.1301, 554.9301
IA Code § 554.9308 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9308 - When security interest or agricultural lien is perfected — continuity of perfection.

554.9308 When security interest or agricultural lien is perfected — continuity of perfection.   1. Perfection of security interest. Except as otherwise provided in this section and section 554.9309, a security interest is perfected if it has attached and all of the applicable requirements for perfection in sections 554.9310, 554.9311, 554.9312, 554.9313, 554.9314, 554.9315, and 554.9316 have been satisfied. A security interest is perfected when it attaches if the applicable requirements are satisfied before the security interest attaches.   2. Perfection of agricultural lien. An agricultural lien is perfected if it has become effective and all of the applicable requirements for perfection in section 554.9310 have been satisfied. An agricultural lien is perfected when it becomes effective if the applicable requirements are satisfied before the agricultural lien becomes effective.   3. Continuous perfection — perfection by different methods. A security interest or agricultural lien is perfected continuously if it is originally perfected by one method under this Article and is later perfected by another method under this Article, without an intermediate period when it was unperfected.   4. Supporting obligation. Perfection of a security interest in collateral also perfects a security interest in a supporting obligation for the collateral.   5. Lien securing right to payment. Perfection of a security interest in a right to payment or performance also perfects a security interest in a security interest, mortgage, or other lien on personal or real property securing the right.   6. Security entitlement carried in securities account. Perfection of a security interest in a securities account also perfects a security interest in the security entitlements carried in the securities account.   7. Commodity contract carried in commodity account. Perfection of a security interest in a commodity account also perfects a security interest in the commodity contracts carried in the commodity account.  2000 Acts, ch 1149, §28, 185, 187  Referred to in §554.9109, 554.9306, 554.9310, 554.9312, 570.1, 570A.4, 571.3, 579A.2, 579B.4, 581.3, 717.4  Effectiveness, attachment, and enforceability of security interests, see §554.9201 – 554.9206
IA Code § 554.9309 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9309 - Security interest perfected upon attachment.

554.9309 Security interest perfected upon attachment.   The following security interests are perfected when they attach:   1. a purchase-money security interest in consumer goods, except as otherwise provided in section 554.9311, subsection 2, with respect to consumer goods that are subject to a statute or treaty described in section 554.9311, subsection 1;   2. an assignment of accounts or payment intangibles which does not by itself or in conjunction with other assignments to the same assignee transfer a significant part of the assignor’s outstanding accounts or payment intangibles;   3. a sale of a payment intangible;   4. a sale of a promissory note;   5. a security interest created by the assignment of a health care insurance receivable to the provider of the health care goods or services;   6. a security interest arising under section 554.2401, 554.2505, 554.2711, subsection 3, or section 554.13508, subsection 5, until the debtor obtains possession of the collateral;   7. a security interest of a collecting bank arising under section 554.4210;   8. a security interest of an issuer or nominated person arising under section 554.5118;   9. a security interest arising in the delivery of a financial asset under section 554.9206, subsection 3;   10. a security interest in investment property created by a broker or securities intermediary;   11. a security interest in a commodity contract or a commodity account created by a commodity intermediary;   12. an assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder; and   13. a security interest created by an assignment of a beneficial interest in a decedent’s estate.  2000 Acts, ch 1149, §29, 185, 187  Referred to in §554.9308, 554.9310, 554.9323  Attachment and enforceability of security interests, see §554.9203 – 554.9206
IA Code § 554.9310 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9310 - When filing required to perfect security interest or agricultural lien — security interests and agricultural liens to which filing provisions do not apply.

554.9310 When filing required to perfect security interest or agricultural lien — security interests and agricultural liens to which filing provisions do not apply.   1. General rule — perfection by filing. Except as otherwise provided in subsection 2 and section 554.9312, subsection 2, a financing statement must be filed to perfect all security interests and agricultural liens.   2. Exceptions — filing not necessary. The filing of a financing statement is not necessary to perfect a security interest:   a. that is perfected under section 554.9308, subsection 4, 5, 6, or 7;   b. that is perfected under section 554.9309 when it attaches;   c. in property subject to a statute, regulation, or treaty described in section 554.9311, subsection 1;   d. in goods in possession of a bailee which is perfected under section 554.9312, subsection 4, paragraph “a” or “b”;   e. in certificated securities, documents, goods, or instruments which is perfected without filing, control, or possession under section 554.9312, subsection 5, 6, or 7;   f. in collateral in the secured party’s possession under section 554.9313;   g. in a certificated security which is perfected by delivery of the security certificate to the secured party under section 554.9313;   h. in deposit accounts, electronic chattel paper, electronic documents, investment property, or letter-of-credit rights which is perfected by control under section 554.9314;   i. in proceeds which is perfected under section 554.9315; or   j. that is perfected under section 554.9316.   3. Assignment of perfected security interest. If a secured party assigns a perfected security interest or agricultural lien, a filing under this Article is not required to continue the perfected status of the security interest against creditors of and transferees from the original debtor.  2000 Acts, ch 1149, §30, 185, 187; 2007 Acts, ch 30, §45, 46, 70  Referred to in §554.9102, 554.9308, 554.9311, 717.4
IA Code § 554.9311 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9311 - Perfection of security interests in property subject to certain statutes, regulations, and treaties.

554.9311 Perfection of security interests in property subject to certain statutes, regulations, and treaties.   1. Security interest subject to other law. Except as otherwise provided in subsection 4, the filing of a financing statement is not necessary or effective to perfect a security interest in property subject to:   a. a statute, regulation, or treaty of the United States whose requirements for a security interest’s obtaining priority over the rights of a lien creditor with respect to the property preempt section 554.9310, subsection 1;   b. any certificate-of-title statute, including as provided in chapter 321, covering automobiles, trailers, mobile homes, boats, farm tractors, or the like, which provides for a security interest to be indicated on a certificate of title as a condition or result of perfection; or   c. a statute of another jurisdiction which provides for a security interest to be indicated on a certificate of title as a condition or result of the security interest’s obtaining priority over the rights of a lien creditor with respect to the property.   2. Compliance with other law. Compliance with the requirements of a statute, regulation, or treaty described in subsection 1 for obtaining priority over the rights of a lien creditor is equivalent to the filing of a financing statement under this Article. Except as otherwise provided in subsection 4 and sections 554.9313 and 554.9316, subsections 4 and 5, for goods covered by a certificate of title, a security interest in property subject to a statute, regulation, or treaty described in subsection 1 may be perfected only by compliance with those requirements, and a security interest so perfected remains perfected notwithstanding a change in the use or transfer of possession of the collateral.   3. Duration and renewal of perfection. Except as otherwise provided in subsection 4 and section 554.9316, subsections 4 and 5, duration and renewal of perfection of a security interest perfected by compliance with the requirements prescribed by a statute, regulation, or treaty described in subsection 1 are governed by the statute, regulation, or treaty. In other respects, the security interest is subject to this Article.   4. Inapplicability to certain inventory. During any period in which collateral subject to a statute specified in subsection 1, paragraph “b” is inventory held for sale or lease by a person or leased by that person as lessor and that person is in the business of selling goods of that kind, this section does not apply to a security interest in that collateral created by that person.  2000 Acts, ch 1149, §31, 185, 187; 2012 Acts, ch 1052, §6, 37  Referred to in §554.9308, 554.9309, 554.9310, 554.9316, 554.9334, 554.9335, 554.9337, 554.9505, 554.9611, 554.9621
IA Code § 554.9314 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9314 - Perfection by control.

554.9314 Perfection by control.   1. Perfection by control. A security interest in investment property, deposit accounts, letter-of-credit rights, electronic chattel paper, or electronic documents may be perfected by control of the collateral under section 554.7106, 554.9104, 554.9105, 554.9106, or 554.9107.   2. Specified collateral — time of perfection by control — continuation of perfection. A security interest in deposit accounts, electronic chattel paper, letter-of-credit rights, or electronic documents is perfected by control under section 554.7106, 554.9104, 554.9105, or 554.9107 when the secured party obtains control and remains perfected by control only while the secured party retains control.   3. Investment property — time of perfection by control — continuation of perfection. A security interest in investment property is perfected by control under section 554.9106 from the time the secured party obtains control and remains perfected by control until:   a. the secured party does not have control; and   b. one of the following occurs:   (1) if the collateral is a certificated security, the debtor has or acquires possession of the security certificate;   (2) if the collateral is an uncertificated security, the issuer has registered or registers the debtor as the registered owner; or   (3) if the collateral is a security entitlement, the debtor is or becomes the entitlement holder.  2000 Acts, ch 1149, §34, 185, 187; 2007 Acts, ch 30, §45, 46, 73  Referred to in §554.9308, 554.9310, 554.9312, 554.9327, 554.9328, 554.9329
IA Code § 554.9315 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9315 - Secured party’s rights on disposition of collateral and in proceeds.

554.9315 Secured party’s rights on disposition of collateral and in proceeds.   1. Disposition of collateral — continuation of security interest or agricultural lien — proceeds. Except as otherwise provided in this Article and in section 554.2403, subsection 2:   a. a security interest or agricultural lien continues in collateral notwithstanding sale, lease, license, exchange, or other disposition thereof unless the secured party authorized the disposition free of the security interest or agricultural lien; and   b. a security interest attaches to any identifiable proceeds of collateral.   2. When commingled proceeds identifiable. Proceeds that are commingled with other property are identifiable proceeds:   a. if the proceeds are goods, to the extent provided by section 554.9336; and   b. if the proceeds are not goods, to the extent that the secured party identifies the proceeds by a method of tracing, including application of equitable principles, that is permitted under law other than this Article with respect to commingled property of the type involved.   3. Perfection of security interest in proceeds. A security interest in proceeds is a perfected security interest if the security interest in the original collateral was perfected.   4. Continuation of perfection. A perfected security interest in proceeds becomes unperfected on the twenty-first day after the security interest attaches to the proceeds unless:   a. the following conditions are satisfied:   (1) a filed financing statement covers the original collateral;   (2) the proceeds are collateral in which a security interest may be perfected by filing in the office in which the financing statement has been filed; and   (3) the proceeds are not acquired with cash proceeds;   b. the proceeds are identifiable cash proceeds; or   c. the security interest in the proceeds is perfected other than under subsection 3 when the security interest attaches to the proceeds or within twenty days thereafter.   5. When perfected security interest in proceeds becomes unperfected. If a filed financing statement covers the original collateral, a security interest in proceeds which remains perfected under subsection 4, paragraph “a”, becomes unperfected at the later of:   a. when the effectiveness of the filed financing statement lapses under section 554.9515 or is terminated under section 554.9513; or   b. the twenty-first day after the security interest attaches to the proceeds.  2000 Acts, ch 1149, §35, 185, 187  Referred to in §554.9109, 554.9203, 554.9308, 554.9310, 554.9312, 554.9509, 554.9607
IA Code § 554.9317 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 554 - UNIFORM COMMERCIAL CODE|Section 554.9317 - Interests that take priority over or take free of security interest or agricultural lien.

554.9317 Interests that take priority over or take free of security interest or agricultural lien.   1. Conflicting security interests and rights of lien creditors. A security interest or agricultural lien is subordinate to the rights of:   a. a person entitled to priority under section 554.9322; and   b. except as otherwise provided in subsection 5, a person that becomes a lien creditor before the earlier of the time:   (1) The security interest or agricultural lien is perfected; or   (2) One of the conditions specified in section 554.9203, subsection 2, paragraph “c” is met and a financing statement covering the collateral is filed.   2. Buyers that receive delivery. Except as otherwise provided in subsection 5, a buyer, other than a secured party, of tangible chattel paper, tangible documents, goods, instruments, or a certificated security takes free of a security interest or agricultural lien if the buyer gives value and receives delivery of the collateral without knowledge of the security interest or agricultural lien and before it is perfected.   3. Lessees that receive delivery. Except as otherwise provided in subsection 5, a lessee of goods takes free of a security interest or agricultural lien if the lessee gives value and receives delivery of the collateral without knowledge of the security interest or agricultural lien and before it is perfected.   4. Licensees and buyers of certain collateral. A licensee of a general intangible or a buyer, other than a secured party, of collateral other than tangible chattel paper, tangible documents, goods, instruments, or a certificated security takes free of a security interest if the licensee or buyer gives value without knowledge of the security interest and before it is perfected.   5. Purchase-money security interest. Except as otherwise provided in sections 554.9320 and 554.9321, if a person files a financing statement with respect to a purchase-money security interest before or within twenty days after the debtor receives delivery of the collateral, the security interest takes priority over the rights of a buyer, lessee, or lien creditor which arise between the time the security interest attaches and the time of filing.  2000 Acts, ch 1149, §37, 185, 187; 2007 Acts, ch 30, §45, 46, 74; 2012 Acts, ch 1052, §8, 37  Referred to in §554.13307