N.C. Gen. Stat. § 25-9-605

Current through Session Law 2024-53

Section 25-9-605 - 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.

N.C. Gen. Stat. § 25-9-605

2000-169, s. 1.