{"data":{"id":"us-az/a.r.s.-47-9628","jurisdiction":"us-az","citation":"A.R.S. § 47-9628","heading":"Nonliability and limitation on liability of secured party; liability of secondary obligor","body":"A. Unless a secured party knows that a person is a debtor or obligor, knows the identity of the person and knows how to communicate with the person:\n\n1. The secured party is not liable to the person, or to a secured party or lienholder that has filed a financing statement against the person, for failure to comply with this chapter; and\n\n2. The secured party's failure to comply with this chapter does not affect the liability of the person for a deficiency.\n\nB. A secured party is not liable because of its status as secured party:\n\n1. To a person that is a debtor or obligor, unless the secured party knows:\n\n(a) That the person is a debtor or obligor;\n\n(b) The identity of the person; and\n\n(c) How to communicate with the person; or\n\n2. To a secured party or lienholder that has filed a financing statement against a person, unless the secured party knows:\n\n(a) That the person is a debtor; and\n\n(b) The identity of the person.\n\nC. A secured party is not liable to any person, and a person's liability for a deficiency is not affected, because of any act or omission arising out of the secured party's reasonable belief that a transaction is not a consumer goods transaction or a consumer transaction or that goods are not consumer goods, if the secured party's belief is based on its reasonable reliance on:\n\n1. A debtor's representation concerning the purpose for which collateral was to be used, acquired or held; or\n\n2. An obligor's representation concerning the purpose for which a secured obligation was incurred.\n\nD. A secured party is not liable to any person under section 47-9625, subsection C, paragraph 2 for its failure to comply with section 47-9616.\n\nE. A secured party is not liable under section 47-9625, subsection C, paragraph 2 more than once with respect to any one secured obligation.","path":["Title 47 Weights and Measures"],"source_url":"https://www.azleg.gov/ars/47/09628.htm","current_through":"57th Legislature, 2nd Regular Session (effective 2027-01-01); mirror section count 24991","vintage":"2026-09-15","retrieved_at":"2026-09-26T04:29:04Z","sha256":"12424a767f61a10cc2090068e258ef36053d79eba665de498d35f53a8b218c7a","source_id":"us-az","stale":false,"prev":"us-az/a.r.s.-47-9627","next":"us-az/a.r.s.-47-9701"},"notice":"GroundRules: Original legal text. Not legal advice."}