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2023 Code of Alabama
Title 7 - Commercial Code.
Article 9A - Secured Transactions.
Part 6 - Default.
Division 1 - Default and Enforcement of Security Interest.
Section 7-9A-624 - Waiver.
Universal Citation: AL Code § 7-9A-624 (2023)
Section 7-9A-624
Waiver.
(a) Waiver of disposition notification. A debtor or secondary obligor may waive the right to notification of disposition of collateral under Section 7-9A-611 only by an agreement to that effect entered into and authenticated after default.
(b) Waiver of mandatory disposition. A debtor may waive the right to require disposition of collateral under Section 7-9A-620(e) only by an agreement to that effect entered into and authenticated after default.
(c) Waiver of redemption right. Except in a consumer-goods transaction, a debtor or secondary obligor may waive the right to redeem collateral under Section 7-9A-623 only by an agreement to that effect entered into and authenticated after default.
(Act 2001-481, p. 647, §1.)
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