Terms Used In Iowa Code 578.2

  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
 Said lien may be foreclosed in the manner provided in the uniform commercial code, section 554.7308.