N.Y. U.C.C. Law § 9-602

Current through 2024 NY Law Chapters 1-59 and 61-118
Section 9-602 - Waiver and Variance of Rights and Duties

Except as otherwise provided in Section 9-624, to the extent that they give rights to a debtor or obligor and impose duties on a secured party, the debtor or obligor may not waive or vary the rules stated in the following listed sections:

(a) Section 9-207 (b) (4) (C), which deals with use and operation of the collateral by the secured party;
(b) Section 9-210, which deals with requests for an accounting and requests concerning a list of collateral and statement of account;
(c) Section 9-607 (c), which deals with collection and enforcement of collateral;
(d) Sections 9-608 (a) and 9-615 (c) to the extent that they deal with application or payment of noncash proceeds of collection, enforcement, or disposition;
(e) Sections 9-608 (a) and 9-615 (d) to the extent that they require accounting for or payment of surplus proceeds of collateral;
(f) Section 9-609 to the extent that it imposes upon a secured party that takes possession of collateral without judicial process the duty to do so without breach of the peace;
(g) Sections 9-610 (b), 9-611, 9-613, and 9-614, which deal with disposition of collateral;
(h) Section 9-615 (f), which deals with calculation of a deficiency or surplus when a disposition is made to the secured party, a person related to the secured party, or a secondary obligor;
(i) Section 9-616, which deals with explanation of the calculation of a surplus or deficiency;
(j) Sections 9-620, 9-621, and 9-622, which deal with acceptance of collateral in satisfaction of obligation;
(k) Section 9-623, which deals with redemption of collateral;
(l) Section 9-624, which deals with permissible waivers; and
(m) Sections 9-625 and 9-626, which deal with the secured party's liability for failure to comply with this article.

N.Y. U.c.c. Law § 9-602