KRS 355.9-605: Unknown debtor or secondary obligor.

(1) Except as provided in subsection (2) of this section, a secured party does not owe a

duty based on its status as secured party:

(a) To a person that is a debtor or obligor, unless the secured party knows:

1. That the person is a debtor or obligor;

2. The identity of the person; and

3. How to communicate with the person; or

(b) To a secured party or lienholder that has filed a financing statement against a

person, unless the secured party knows:

1. That the person is a debtor; and

2. The identity of the person.

(2) 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:

(a) The person is a debtor or obligor; and

(b) The secured party knows that the information in subsection (1)(a)1., 2., or 3.

of this section relating to the person is not provided by the collate ral, a record

attached to or logically associated with the collateral, or the system in which

the collateral is recorded.