California Commercial Code

§ 9628

COM § 9628 Effective Jan 1, 2024Div. 9 · Ch. 6

Statute text

(a)Subject to subdivision (e), unless a secured party knows that a person is a debtor or obligor, knows the identity of the person, and knows how to communicate with the person both of the following rules apply:

(1)The secured party is not liable to the person, or to a secured party or lienholder that has filed a financing statement against the person, for failure to comply with this division.

(2)The secured party’s failure to comply with this division does not affect the liability of the person for a deficiency.

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Legislative history

Amended by Stats. 2023, Ch. 210, Sec. 73. (SB 95) Effective January 1, 2024.