S.C. Code § 36-9-605

Current through 2024 Act No. 225.

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

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.

S.C. Code § 36-9-605

2001 Act No. 67, Section 12; 1988 Act No. 494, Section 5.