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Section 28-9-605 - UNKNOWN DEBTOR OR SECONDARY OBLIGOR.

ID Code § 28-9-605 (2019) (N/A)
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28-9-605. UNKNOWN DEBTOR OR SECONDARY OBLIGOR. A secured party does not owe a duty based on its status as secured party:

(1) To a person that is a debtor or obligor, unless the secured party knows:

(A) That the person is a debtor or obligor;

(B) The identity of the person; and

(C) How to communicate with the person; or

(2) To a secured party or lienholder that has filed a financing statement against a person, unless the secured party knows:

(A) That the person is a debtor; and

(B) The identity of the person.

History:

[28-9-605, added 2001, ch. 208, sec. 2, p. 782.]

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