{"data":{"id":"us-nc/n.c.-gen.-stat.-25-9-605","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 25-9-605","heading":"Unknown debtor or secondary obligor.","body":"(a)\tNo Duty Generally 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 to either of the following:\n(1)\tTo a person that is a debtor or obligor, unless the secured party knows all of the following:\na.\tThat the person is a debtor or obligor.\nb.\tThe identity of the person.\nc.\tHow to communicate with the person.\n(2)\tTo a secured party or lienholder that has filed a financing statement against a person, unless the secured party knows both of the following:\na.\tThat the person is a debtor.\nb.\tThe identity of the person.\n(b)\tException When 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, both of the following apply:\n(1)\tThe person is a debtor or obligor.\n(2)\tThe secured party knows that the information in sub-subdivision (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. (2000-169, s. 1; 2025-25, s. 96.)","path":["Chapter 25. Uniform Commercial Code.","Article 9. Secured Transactions.","Part 6. Default."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_25/GS_25-9-605.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:58:47Z","sha256":"14f0ae706b8d93032eedf6e5dfd82389608a408f2482f3fdb28686eea7b31134","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-25-9-604","next":"us-nc/n.c.-gen.-stat.-25-9-606"},"notice":"GroundRules: Original legal text. Not legal advice."}