Code · Arizona · Title 47 — Welfare, Social Services, and Institutions

47-9605. Unknown debtor or secondary obligor

89 words·~1 min read·/az/title-47/47-9605

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A secured party does not owe a duty based on its status as secured party:

1. To a person that is a debtor or obligor, unless the secured party knows:

(a)That the person is a debtor or obligor;

(b)The identity of the person; and

(c)How to communicate with the person; or

2. To a secured party or lienholder that has filed a financing statement against a person, unless the secured party knows:

(a)That the person is a debtor; and

(b)The identity of the person.