Company: North Carolina General Assembly

North Carolina Attorney General Opinion

§ 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. (2000‑169, s. 1.)

G.S. 25-9-605		Page