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District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 28:9-605: Unknown debtor or secondary obligor.

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Where this section sits in the code
  1. Title 28. Commercial Instruments and Transactions. [Enacted title]
  2. Subtitle I. Uniform Commercial Code.
  3. Article 9. Secured Transactions.
  4. Part VI. Default.
  5. Subpart 1. Default and Enforcement of Security Interest.

(a)

Except as provided in subsection (b), a secured party does not owe a duty based on its status as a third 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.

(b)

A secured party owes a duty based on its status as a secured party to a person if, at the time the secured party obtains control of collateral that is a controllable account, controllable electronic record, or controllable payment intangible or at the time the security interest attaches to the collateral, whichever is later:

(1)

The person is a debtor or obligor; and

(2)

The secured party knows that the information in subsection (a)(1)(A), (B), or (C) of this section relating to the person is not provided by the collateral, a record attached to or logically associated with the collateral, or the system in which the collateral is recorded.

Collected 2026-08-29T05:44:07Z. Source file · JSON

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