KRS 355.9-210: Request for accounting -- Request regarding list of collateral or

statement of account.

(1) In this section:

(a) "Request" means a record of a type described in paragraph (b), (c), or (d) of

this subsection.

(b) "Request for an accounting" means a record signed by a debtor requesting that

the recipient provide an accounting of the unpaid obligations secured by

collateral and reasonably identifying the transaction or relationship that is the

subject of the request.

(c) "Request regardin g a list of collateral" means a record signed by a debtor

requesting that the recipient approve or correct a list of what the debtor

believes to be the collateral securing an obligation and reasonably identifying

the transaction or relationship that is the subject of the request.

(d) "Request regarding a statement of account" means a record signed by a debtor

requesting that the recipient approve or correct a statement indicating what the

debtor believes to be the aggregate amount of unpaid obligations secu red by

collateral as of a specified date and reasonably identifying the transaction or

relationship that is the subject of the request.

(2) Subject to subsections (3), (4), (5), and (6) of this section, a secured party, other

than a buyer of accounts, chattel paper, payment intangibles, or promissory notes or

a consignor, shall comply with a request within fourteen (14) days after receipt:

(a) In the case of a request for an accounting, by signing and sending to the

debtor an accounting; and

(b) In the case of a request regarding a list of collateral or a request regarding a

statement of account, by signing and sending to the debtor an approval or

correction.

(3) A secured party that claims a security interest in all of a particular type of collateral

owned by the debtor may comply with a request regarding a list of collateral by

sending to the debtor a signed record including a statement to that effect within

fourteen (14) days after receipt.

(4) A person that receives a request regarding a list of collatera l, claims no interest in

the collateral when it receives the request, and claimed an interest in the collateral

at an earlier time shall comply with the request within fourteen (14) days after

receipt by sending to the debtor a signed record:

(a) Disclaiming any interest in the collateral; and

(b) If known to the recipient, providing the name and mailing address of any

assignee of or successor to the recipient's interest in the collateral.

(5) A person that receives a request for an accounting or a request regarding a

statement of account, claims no interest in the obligations when it receives the

request, and claimed an interest in the obligations at an earlier time shall comply

with the request within fourteen (14) days after receipt by sending to the debtor a

signed record:

(a) Disclaiming any interest in the obligations; and

(b) If known to the recipient, providing the name and mailing address of any

assignee of or successor to the recipient's interest in the obligations.

(6) (a) A debtor is entitled without charge to one (1) response to a request under this

section during any six (6) month period.

(b) The secured party may require payment of a charge not exceeding twenty -five

dollars ($25) for each additional response.