Iowa Code 554.9603 – Agreement on standards concerning rights and duties
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1.
Agreed standards.
The parties may determine by agreement the standards measuring the fulfillment of the rights of a debtor or obligor and the duties of a secured party under a rule stated in section 554.9602 if the standards are not manifestly unreasonable.
Terms Used In Iowa Code 554.9603
- Rule: includes "regulation". See Iowa Code 4.1
2.
Agreed standards inapplicable to breach of peace.
Subsection 1 does not apply to the duty under section 554.9609 to refrain from breaching the peace.