810 ILCS 5/9-605

Current through Public Act 103-1052
Section 810 ILCS 5/9-605 - [Effective Until 1/1/2025] Unknown debtor or secondary obligor

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.

810 ILCS 5/9-605

P.A. 91-893, eff. 7/1/2001.
This section is set out more than once due to postponed, multiple, or conflicting amendments.