Security interest perfected before July 1, 2024.

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 2024 Iowa Acts, ch. 1023 , if, on July 1, 2024, the requirements for enforceability and perfection under 2024 Iowa Acts, ch. 1023 , 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 2024 Iowa Acts, ch. 1023 , 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 2024 Iowa Acts, ch. 1023 , before July 1, 2025; and c. remains perfected thereafter only if the requirements for perfection under 2024 Iowa Acts, ch. 1023 , are satisfied before the time specified in paragraph “a” . 2024 Acts, ch 1023, §128 Referred to in §554.15301