{"data":{"id":"us-la/rs-10-9-605","jurisdiction":"us-la","citation":"RS 10:9-605","heading":"Unknown debtor or secondary obligor","body":"(a) In general: No duty owed by secured party. 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(1) to a person that is a debtor or obligor, unless the secured party knows:\n(A) that the person is a debtor or obligor;\n(B) the identity of the person; and\n(C) how to communicate with the person; or\n(2) to a secured party or lienholder that has filed a financing statement against a person, unless the secured party knows:\n(A) that the person is a debtor; and\n(B) the identity of the person.\n(b) Exception: Secured party owes duty to debtor or obligor. 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(1) the person is a debtor or obligor; and\n(2) the secured party knows that the information in Subparagraph (a)(1)(A), (B), or (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 10. COMMERCIAL LAWS"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=74490","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:50:10Z","sha256":"a7b6b65f55b8c6f52729b724384de6621c514607cce9aef9a66b26bb2ac7e8a9","source_id":"us-la","stale":false,"prev":"us-la/rs-10-9-604","next":"us-la/rs-10-9-606"},"notice":"GroundRules: Original legal text. Not legal advice."}