Section 9-605 - Unknown Debtor or Secondary Obligor

MA Gen L ch 9 § 9-605 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Section 9-605. 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.