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Can you summarize IACO 554.9402?

UNIFORM COMMERCIAL CODE > Secured party not obligated on contract of debtor or in tort.

Short Summary

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 debtors acts or omissions. 2000 Acts, ch 1149, 64, 185, 187

Jurisdiction

Iowa

Source
IACO 554.9402 [https://reggi.cloud.regology.com/regulations/US-IACO/US-IACO_T_XIII_C_554_S_9402]