Vt. Stat. tit. 9A § 9-602

Current through L. 2024, c. 185.

Section 9-602 - Waiver and variance of rights and duties

Except as otherwise provided in section 9-624 of this title, 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) subdivision 9-207(b)(4)(C) of this title, which deals with use and operation of the collateral by the secured party;

(2) section 9-210 of this title, which deals with requests for an accounting and requests concerning a list of collateral and statement of account;

(3) subsection 9-607(c) of this title, which deals with collection and enforcement of collateral;

(4) subsections 9-608(a) and 9-615(c) of this title to the extent that they deal with application or payment of noncash proceeds of collection, enforcement, or disposition;

(5) subsections 9-608(a) and 9-615(d) of this title to the extent that they require accounting for or payment of surplus proceeds of collateral;

(6) section 9-609 of this title 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) subsection 9-610(b) of this title, and sections 9-611, 9-613, and 9-614 of this title, which deal with disposition of collateral;

(8) subsection 9-615(f) of this title, 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) section 9-616 of this title, which deals with explanation of the calculation of a surplus or deficiency;

(10) sections 9-620, 9-621, and 9-622 of this title, which deal with acceptance of collateral in satisfaction of obligation;

(11) section 9-623 of this title, which deals with redemption of collateral;

(12) section 9-624 of this title, which deals with permissible waivers; and

(13) sections 9-625 and 9-626 of this title, which deal with the secured party's liability for failure to comply with this article.

9A V.S.A. § 9-602

Added 1999, No. 106 (Adj. Sess.), § 2, eff. 7/1/2001.