Secured party not obligated on contract of debtor or in tort.

Iowa Code § 554.9402, under UNIFORM COMMERCIAL CODE.

Iowa Code § 554.9402

The existence of a security interest, agricultural lien, or authority given to a debtor to dispose of or use collateral, without more, does not subject a secured party to liability in contract or tort for the debtor’s acts or omissions. 2000 Acts, ch 1149, §64, 185, 187