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Nevada Revised Statutes Section 104.9605 - Commercial Instruments and Transactions

Legal Research Home > Nevada Laws > Commercial Instruments and Transactions > Nevada Revised Statutes Section 104.9605 - Commercial Instruments and Transactions

Duty to 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 he is a debtor or obligor;

(b) His identity; and

(c) How to communicate with him; 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) His identity.

Last modified: February 28, 2006