{"data":{"id":"us-oh/ohio-rev.-code-1309.628","jurisdiction":"us-oh","citation":"Ohio Rev. Code § 1309.628","heading":"Nonliability and limitation on liability of secured party - liability of secondary obligor - UCC 9-628.","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 chapter; and\n(2) The failure of the secured party to comply with this chapter 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 division (C)(2) of section 1309.625 of the Revised Code for its failure to comply with section 1309.616 of the Revised Code.\n(E) A secured party is not liable under division (C)(2) of section 1309.625 of the Revised Code more than once with respect to any one secured obligation.","path":["Title 13 Commercial Transactions","Chapter 1309 Secured Transactions"],"source_url":"https://codes.ohio.gov/ohio-revised-code/section-1309.628","current_through":"2001-07-01 (Senate Bill 74 - 124th General Assembly)","vintage":"","retrieved_at":"2026-09-14T19:24:29Z","sha256":"38e85c5a3e6b9d99694e056c310617226ec26d84e7f5ceded0c08d0ca313cfc9","source_id":"us-oh","stale":false,"prev":"us-oh/ohio-rev.-code-1309.627","next":"us-oh/ohio-rev.-code-1309.702"},"notice":"GroundRules: Original legal text. Not legal advice."}