Va. Code § 8.9A-602: Waiver and variance of rights and duties
Where this section sits in the code
- Title 8.9A. COMMERCIAL CODE — SECURED TRANSACTIONS
- Part 6. DEFAULT
- Subpart 1. DEFAULT AND ENFORCEMENT OF SECURITY INTEREST
Except as otherwise provided in § 8.9A-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) § 8.9A-207 (b) (4) (C), which deals with use and operation of the collateral by the secured party;(2) § 8.9A-210, which deals with requests for an accounting and requests concerning a list of collateral and statement of account;(3) § 8.9A-607 (c), which deals with collection and enforcement of collateral;(4) §§ 8.9A-608 (a) and 8.9A-615 (c) to the extent that they deal with application or payment of noncash proceeds of collection, enforcement, or disposition;(5) §§ 8.9A-608 (a) and 8.9A-615 (d) to the extent that they require accounting for or payment of surplus proceeds of collateral;(6) § 8.9A-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) §§ 8.9A-610 (b), 8.9A-611, 8.9A-613, and 8.9A-614, which deal with disposition of collateral;(8) § 8.9A-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;(9) § 8.9A-616, which deals with explanation of the calculation of a surplus or deficiency;(10) §§ 8.9A-620, 8.9A-621, and 8.9A-622, which deal with acceptance of collateral in satisfaction of obligation;(11) § 8.9A-623, which deals with redemption of collateral;(12) § 8.9A-624, which deals with permissible waivers; and(13) §§ 8.9A-625 and 8.9A-626, which deal with the secured party's liability for failure to comply with this title.1964, c. 219, § 8.9-501; 1973, c. 509; 2000, c. 1007.
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