CODE OF VIRGINIA

WAIVER (§ 8.9A-624)

a. Waiver of disposition notification. A debtor or secondary obligor may waive
the right to notification of disposition of collateral under § 8.9A-611
only by an agreement to that effect entered into and signed after default.

b. Waiver of mandatory disposition. A debtor may waive the right to require
disposition of collateral under § 8.9A-620 (e) only by an agreement to that
effect entered into and signed after default.

c. Waiver of redemption right. Except in a consumer-goods transaction, a debtor
or secondary obligor may waive the right to redeem collateral under §
8.9A-623 only by an agreement to that effect entered into and signed after
default.

HISTORY: Code 1950, § 55-93; 1964, c. 219, §§ 8.9-504, 8.9-505, 8.9-506;
1964, c. 410, § 8.9-505; 1973, c. 509, §§ 8.9-504, 8.9-505; 2000, c. 1007;
2024, c. 652.