Va. Code § 8.9A-602

Current with changes from the 2024 Special Session I, ch. 2
Section 8.9A-602 - Waiver and variance of rights and duties

Except as otherwise provided in § 8.9-624A, 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:

(1) § 8.9A-207A(b) (4) (C), which deals with use and operation of the collateral by the secured party;
(2) § 8.9-210A, which deals with requests for an accounting and requests concerning a list of collateral and statement of account;
(3) § 8.9A-607A(c), which deals with collection and enforcement of collateral;
(4) §§ 8.9A-608A(a) and 8.9A-615A(c) to the extent that they deal with application or payment of noncash proceeds of collection, enforcement, or disposition;
(5) §§ 8.9A-608A(a) and 8.9A-615A(d) to the extent that they require accounting for or payment of surplus proceeds of collateral;
(6) § 8.9-609A 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;
(7) §§ 8.9A-610A(b), 8.9-611A, 8.9-613A, and 8.9-614A, which deal with disposition of collateral;
(8) § 8.9A-615A(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;
(9) § 8.9-616A, which deals with explanation of the calculation of a surplus or deficiency;
(10) §§ 8.9-620A, 8.9-621A, and 8.9-622A, which deal with acceptance of collateral in satisfaction of obligation;
(11) § 8.9-623A, which deals with redemption of collateral;
(12) § 8.9-624A, which deals with permissible waivers; and
(13) §§ 8.9-625A and 8.9-626A, which deal with the secured party's liability for failure to comply with this title.

Va. Code § 8.9A-602

1964, c. 219, § 8.9-501; 1973, c. 509; 2000, c. 1007.
Amended by Acts 2000, § c.1007.
Amended by Acts 1973, § c. 509.
Amended by Acts 1964, § c. 219, § 8.9-501.