{"data":{"id":"us-md/md.-code-commercial-law-9-628","jurisdiction":"us-md","citation":"Md. Code, Commercial Law § 9–628","heading":"","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(1) 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 title; and\n(2) The secured party’s failure to comply with this title does not affect the liability of the person for a deficiency.\n(b) A secured party is not liable because of 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(c) 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(1) A debtor’s representation concerning the purpose for which collateral was to be used, acquired, or held; or\n(2) An obligor’s representation concerning the purpose for which a secured obligation was incurred.\n(d) A secured party is not liable to any person under § 9-625(c)(2) for its failure to comply with § 9-616.\n(e) A secured party is not liable under § 9-625(c)(2) more than once with respect to any one secured obligation.","path":["Article - Commercial Law"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcl\u0026section=9-628","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:33Z","sha256":"9b47e40a7c471dcf8745c5b6b2d7d7e0d999d4f3b968b3d1aa4a667811d8e280","source_id":"us-md","stale":false,"prev":"us-md/md.-code-commercial-law-9-627","next":"us-md/md.-code-commercial-law-9-701"},"notice":"GroundRules: Original legal text. Not legal advice."}