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Kentucky · Snapshot 09/05/2026

KRS 355.9-602: Waiver and variance of rights and duties.

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Where this section sits in the code

    Except as otherwise provided in KRS 355.9 -624, to the extent that they give rights to a

    debtor or obligor and impose duties on a secured party, the debtor or obligor may not

    waive or vary the rules stated in the following listed sections:

    (1) KRS 355.9-207(2)(d)3., which deals with use and operation of the collateral by the

    secured party;

    (2) KRS 355.9 -210, which deals with requests for an accounting and requests

    concerning a list of collateral and statement of account;

    (3) KRS 355.9-607(3), which deals with collection and enforcement of collateral;

    (4) KRS 355.9-608(1) and 355.9-615(3) to the extent that they deal with application or

    payment of noncash proceeds of collection, enforcement, or disposition;

    (5) KRS 355.9-608(1) and 355.9-615(4) to the extent that they require accounting for or

    payment of surplus proceeds of collateral;

    (6) KRS 355.9 -609 to the extent that it imposes upon a secured party that takes

    possession of collateral without judicial process the duty to do so without breach of

    the peace;

    (7) KRS 355.9 -610(2), 355.9 -611, 355.9 -613, and 355.9 -614, which deal with

    disposition of collateral;

    (8) KRS 355.9-615(6), which deals with calculation of a deficiency or surplus when a

    disposition is made to the secured party, a person related to the secu red party, or a

    secondary obligor;

    (9) KRS 355.9 -616, which deals with explanation of the calculation of a surplus or

    deficiency;

    (10) KRS 355.9-620, 355.9-621, and 355.9-622, which deal with acceptance of collateral

    in satisfaction of obligation;

    (11) KRS 355.9-623, which deals with redemption of collateral;

    (12) KRS 355.9-624, which deals with permissible waivers; and

    (13) KRS 355.9 -625 and 355.9 -626, which deal with the secured party's liability for

    failure to comply with this article.

    Collected 2026-09-05T20:58:48Z. Source file · JSON

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