Vt. Stat. tit. 9A § 9-605

Current through L. 2024, c. 177.

Section 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.

9A V.S.A. § 9-605

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