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This entry was published on 2014-09-22
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SECTION 9-605
Unknown Debtor or Secondary Obligor
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 9, PART 6, SUBPART 1
Section 9--605. Unknown Debtor or Secondary Obligor.

A secured party does not owe a duty based on its status as secured
party:

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

(1) that the person is a debtor or obligor;

(2) the identity of the person; and

(3) how to communicate with the person; or

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

(1) that the person is a debtor; and

(2) the identity of the person.