13 Pennsylvania Consolidated Statutes § 9603 - Agreement On Standards Concerning Rights And Duties

§ 9603. Agreement on standards concerning rights and duties.

(a) Agreed standards.--The parties may determine by agreement the standards measuring the fulfillment of the rights of a debtor or obligor and the duties of a secured party under a rule stated in section 9602 (relating to waiver and variance of rights and duties) if the standards are not manifestly unreasonable.

(b) Agreed standards inapplicable to breach of peace.-- Subsection (a) does not apply to the duty under section 9609 (relating to secured party's right to take possession after default) to refrain from breaching the peace.

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Last modified: October 8, 2016