§ 9624. Waiver.

231 words·~1 min read·/pa/title-13/chapter-96/9624

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§ 9624. Waiver.

(a)Waiver of disposition notification.-- A debtor or secondary obligor may waive the right to notification of disposition of collateral under section 9611 (relating to notification before disposition of collateral) only by an agreement to that effect entered into and signed after default.

(b)Waiver of mandatory disposition.-- A debtor may waive the right to require disposition of collateral under section 9620(e) (relating to mandatory disposition of consumer goods) only by an agreement to that effect entered into and signed after default.

(c)Waiver of redemption right.-- Except in a consumer-goods transaction, a debtor or secondary obligor may waive the right to redeem collateral under section 9623 (relating to right to redeem collateral) only by an agreement to that effect entered into and signed after default.

13c9624v

(July 1, 2024, P.L.450, No.41, eff. 60 days)

2024 Amendment. See section 1 of Act 41 in the appendix to this title for special provisions relating to findings and declarations.

Cross References. Section 9624 is referred to in sections 9602, 9620 of this title; section 6259 of Title 12 (Commerce and Trade).

13c9625h

SUBCHAPTER B

NONCOMPLIANCE WITH DIVISION

Sec.

9625. Remedies for secured party's failure to comply with

division.

9626. Action in which deficiency or surplus is in issue.

9627. Determination of whether conduct was commercially

reasonable.

9628. Nonliability and limitation on liability of secured

party; liability of secondary obligor.

13c9625s