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Section 36-9-605. Unknown debtor or secondary obligor.

SC Code § 36-9-605 (2019) (N/A)
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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: 1988 Act No. 494, Section 5; 2001 Act No. 67, Section 12.

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