§25-9-605. 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.

(2000-169, s. 1.)