Iowa Code § 554.9612

Current through bills signed by governor as of 5/9/2024
Section 554.9612 - Timeliness of notification before disposition of collateral
1.Reasonable time is question of fact. Except as otherwise provided in subsection 2, whether a notification is sent within a reasonable time is a question of fact.
2.Ten-day period sufficient in nonconsumer transaction. In a transaction other than a consumer transaction, a notification of disposition sent after default and ten days or more before the earliest time of disposition set forth in the notification is sent within a reasonable time before the disposition.

Iowa Code § 554.9612

2000 Acts, ch 1149, §110, 187