{"data":{"id":"us-co/c.r.s.-4-9-605","jurisdiction":"us-co","citation":"C.R.S. § 4-9-605","heading":"Unknown debtor or secondary obligor.","body":"(a) Except as provided in subsection (b) of this section, a secured party does not owe a duty based on its status as secured party:\n\n(1) 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\n(2) 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\n(b) 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:\n\n(1) The person is a debtor or obligor; and\n\n(2) The secured party knows that the information in subsection (a)(1)(A), (a)(1)(B), or (a)(1)(C) of this section relating to the person is not provided by the collateral, a record attached to or logically associated with the collateral, or the system in which the collateral is recorded.","path":["Title 4 - UNIFORM COMMERCIAL CODE","Article 9 - Secured Transactions","Part 6 - DEFAULT"],"source_url":"https://olls.info/crs/crs2026-title-04.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"c34d122435b1a976548a73ec9a1f5b69cb0568b3b6cf2c9dc1cc4b97ffc57670","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-4-9-604","next":"us-co/c.r.s.-4-9-606"},"notice":"GroundRules: Original legal text. Not legal advice."}