554.9605 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.
2000 Acts, ch 1149, §103, 187
Referred to in §554.9601
Liability limitations; see §554.9628
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