Chapter 79A — Secured Transactions
ORS 79A.6050 UCC 9-605. Unknown debtor or secondary obligor
Except as provided in subsection (2) of this section, a secured party does not owe a duty based on its status as secured party:
To a person that is a debtor or obligor, unless the secured party knows:
That the person is a debtor or obligor;
The identity of the person; and
How to communicate with the person; or
To a secured party or lienholder that has filed a financing statement against a person, unless the secured party knows:
That the person is a debtor; and
The identity of the person.
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:
The person is a debtor or obligor; and
The secured party knows that the information in subsection (1)(a) 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.
Official sources · 1Tap to view provenance details
Provenance
2025 Oregon Revised Statutes — official online source
Official online edition
- Source
- oregonlegislature.gov
- SHA-256
59e6fb92…8dadac08- Review
- auto verified
Version history
2025 Oregon Revised Statutes — official online source