Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 9603 - Agreement on standards concerning rights and duties(a) Agreed standards.--The parties may determine by agreement the standards measuring the fulfillment of the rights of a debtor or obligor and the duties of a secured party under a rule stated in section 9602 (relating to waiver and variance of rights and duties) if the standards are not manifestly unreasonable.(b) Agreed standards inapplicable to breach of peace.--Subsection (a) does not apply to the duty under section 9609 (relating to secured party's right to take possession after default) to refrain from breaching the peace.2001, June 8, P.L. 123, No. 18, § 16, effective 7/1/2001.