{"data":{"id":"us-mo/mo.-rev.-stat.-400.9-628","jurisdiction":"us-mo","citation":"Mo. Rev. Stat. § 400.9-628","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(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 article; and\n(2) The secured party's failure to comply with this article 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 under section 400.9-625(c)(2) more than once with respect to any one secured obligation.","path":["Title XXVI - TRADE AND COMMERCE","Chapter 400 - Uniform Commercial Code"],"source_url":"https://revisor.mo.gov/main/OneSection.aspx?section=400.9-628","current_through":"2026 legislative session (floor)","vintage":"","retrieved_at":"2026-09-03T22:23:28Z","sha256":"58299e1b97be6e5cde1167f51edfecb8abe25aafa9c36c5350278675ae21d996","source_id":"us-mo","stale":false,"prev":"us-mo/mo.-rev.-stat.-400.9-627","next":"us-mo/mo.-rev.-stat.-400.9-701"},"notice":"GroundRules: Original legal text. Not legal advice."}