{"data":{"id":"us-ny/n.y.-uniform-commercial-code-law-9-619","jurisdiction":"us-ny","citation":"N.Y. Uniform Commercial Code Law § 9-619","heading":"Transfer of Record or Legal Title","body":"Section 9--619. Transfer of Record or Legal Title.\n  (a) \"Transfer statement.\"  In this section, \"transfer statement\" means\na record signed by a secured party stating:\n       (1) that the debtor has defaulted in connection with an\n           obligation secured by specified collateral;\n       (2) that the secured party has exercised its post-default\n           remedies with respect to the collateral;\n       (3) that, by reason of the exercise, a transferee has acquired\n           the rights of the debtor in the collateral; and\n       (4) the name and mailing address of the secured party, debtor,\n           and transferee.\n  (b) Effect of transfer statement. A transfer statement entitles the\ntransferee to the transfer of record of all rights of the debtor in the\ncollateral specified in the statement in any official filing, recording,\nregistration, or certificate-of-title system covering the collateral. If\na transfer statement is presented with the applicable fee and request\nform to the official or office responsible for maintaining the system,\nthe official or office shall:\n       (1) accept the transfer statement;\n       (2) promptly amend its records to reflect the transfer; and\n       (3) if applicable, issue a new appropriate certificate of title\n           in the name of the transferee.\n  (c) Transfer not a disposition; no relief of secured party's duties. A\ntransfer of the record or legal title to collateral to a secured party\nunder subsection (b) or otherwise is not of itself a disposition of\ncollateral under this article and does not of itself relieve the secured\nparty of its duties under this article.","path":["Uniform Commercial Code Law","Article 9. Secured Transactions","Part 6. Default","Subpart 1. Default and Enforcement of Security Interest"],"source_url":"https://legislation.nysenate.gov/api/3/laws/UCC/9-619","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"b7843c3ca21780501542c55748733d874ef60b69c8d60d32a48b9a47c8b71d44","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-uniform-commercial-code-law-9-618","next":"us-ny/n.y.-uniform-commercial-code-law-9-620"},"notice":"GroundRules: Original legal text. Not legal advice."}