2013 New Jersey Revised Statutes
Title 12A - COMMERCIAL TRANSACTIONS
Section 12A:9-605 - Unknown debtor or secondary obligor.
12A:9-605 Unknown debtor or secondary obligor.
12A: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 who 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.
L.2001, c.117, s.1; amended 2001, c.386, s.95.
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