Effective: July 1, 2001 Latest Legislation: Senate Bill 74 - 124th General Assembly A secured party does not owe a duty based on its status as secured party: (A) To a person who 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 who 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.
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