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California Commercial Code

§ 9628

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

Statute text

View on leginfo.ca.gov
(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.

Source: California Commercial Code § 9628 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.