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New York · Through 2026-09-11

N.Y. Uniform Commercial Code Law § 9-602: Waiver and Variance of Rights and Duties

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Where this section sits in the code
  1. Uniform Commercial Code Law
  2. Article 9. Secured Transactions
  3. Part 6. Default
  4. Subpart 1. Default and Enforcement of Security Interest

Section 9--602. Waiver and Variance of Rights and Duties.

Except as otherwise provided in Section 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:

(a) Section 9--207 (b) (4) (C), which deals with use and operation of

the collateral by the secured party;

(b) Section 9--210, which deals with requests for an accounting and

requests concerning a list of collateral and statement of account;

(c) Section 9--607 (c), which deals with collection and enforcement of

collateral;

(d) Sections 9--608 (a) and 9--615 (c) to the extent that they deal

with application or payment of noncash proceeds of collection,

enforcement, or disposition;

(e) Sections 9--608 (a) and 9--615 (d) to the extent that they require

accounting for or payment of surplus proceeds of collateral;

(f) Section 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;

(g) Sections 9--610 (b), 9--611, 9--613, and 9--614, which deal with

disposition of collateral;

(h) Section 9--615 (f), which deals with calculation of a deficiency

or surplus when a disposition is made to the secured party, a person

related to the secured party, or a secondary obligor;

(i) Section 9--616, which deals with explanation of the calculation of

a surplus or deficiency;

(j) Sections 9--620, 9--621, and 9--622, which deal with acceptance of

collateral in satisfaction of obligation;

(k) Section 9--623, which deals with redemption of collateral;

(l) Section 9--624, which deals with permissible waivers; and

(m) Sections 9--625 and 9--626, which deal with the secured party's

liability for failure to comply with this article.

Collected 2026-09-14T19:32:45Z. Source file · JSON

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