Iowa Code § 554.15302

1. Continuing perfection: perfection requirements satisfied. A security interest that is enforceable and perfected immediately before July 1, 2024, is a perfected security interest under

, if, on July 1, 2024, the requirements for enforceability and perfection under

, are satisfied without further action.

2. Continuing perfection: enforceability or perfection requirements not satisfied. If a security interest is enforceable and perfected immediately before July 1, 2024, but the requirements for enforceability or perfection under

, are not satisfied on July 1, 2024, the security interest:

a. is a perfected security interest until the earlier of the time perfection would have ceased under the law in effect immediately before July 1, 2024, or July 1, 2025;

b. remains enforceable thereafter only if the security interest satisfies the requirements for enforceability under section 554.9203, as amended by

, before July 1, 2025; and

c. remains perfected thereafter only if the requirements for perfection under

, are satisfied before the time specified in paragraph “a”.