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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>69925</law_id><section_number>8.9A-605</section_number><catch_line>Unknown debtor or secondary obligor</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>8.9A-601</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="8.9A">Commercial Code &#x2014; Secured Transactions</unit><unit label="part" level="2" order_by="1" identifier="6">Default</unit><unit label="subpart" level="3" order_by="1" identifier="1">Default and Enforcement of Security Interest</unit></structure><text>
						<section id="a"><p><span class="prefix-number">a.</span> In general: No duty owed by secured <span class="dictionary">party</span>. Except as provided in subsection (b), a secured <span class="dictionary">party</span> does not owe a duty based on its status as secured <span class="dictionary">party</span>: <a id="paragraph-252664" class="section-permalink" href="https://vacode.org/8.9A-605/#a"><i class="fa fa-link"/></a></p></section>
						<section id="a1" class="indent-1"><p><span class="prefix-number">1.</span> to a person that is a debtor or obligor, unless the secured <span class="dictionary">party</span> knows: <a id="paragraph-252665" class="section-permalink" href="https://vacode.org/8.9A-605/#a1"><i class="fa fa-link"/></a></p></section>
						<section id="A"><p><span class="prefix-number">A.</span> that the person is a debtor or obligor; <a id="paragraph-252666" class="section-permalink" href="https://vacode.org/8.9A-605/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> the identity of the person; and <a id="paragraph-252667" class="section-permalink" href="https://vacode.org/8.9A-605/#B"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> how to communicate with the person; or <a id="paragraph-252668" class="section-permalink" href="https://vacode.org/8.9A-605/#C"><i class="fa fa-link"/></a></p></section>
						<section id="C2" class="indent-1"><p><span class="prefix-number">2.</span> to a secured <span class="dictionary">party</span> or lienholder that has filed a financing statement against a person, unless the secured <span class="dictionary">party</span> knows: <a id="paragraph-252669" class="section-permalink" href="https://vacode.org/8.9A-605/#C2"><i class="fa fa-link"/></a></p></section>
						<section id="A"><p><span class="prefix-number">A.</span> that the person is a debtor; and <a id="paragraph-252670" class="section-permalink" href="https://vacode.org/8.9A-605/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> the identity of the person. <a id="paragraph-252671" class="section-permalink" href="https://vacode.org/8.9A-605/#B"><i class="fa fa-link"/></a></p></section>
						<section id="b"><p><span class="prefix-number">b.</span> Exception: Secured <span class="dictionary">party</span> owes duty to debtor or obligor. A secured <span class="dictionary">party</span> owes a duty based on its status as a secured <span class="dictionary">party</span> to a person if, at the time the secured <span class="dictionary">party</span> obtains control of <span class="dictionary">collateral</span> that is a controllable account, controllable electronic record, or controllable payment intangible or at the time the security interest attaches to the <span class="dictionary">collateral</span>, whichever is later: <a id="paragraph-252672" class="section-permalink" href="https://vacode.org/8.9A-605/#b"><i class="fa fa-link"/></a></p></section>
						<section id="b1" class="indent-1"><p><span class="prefix-number">1.</span> the person is a debtor or obligor; and <a id="paragraph-252673" class="section-permalink" href="https://vacode.org/8.9A-605/#b1"><i class="fa fa-link"/></a></p></section>
						<section id="b2" class="indent-1"><p><span class="prefix-number">2.</span> the secured <span class="dictionary">party</span> knows that the information in subsection (a)(1)(A), (B), or <a id="paragraph-252674" class="section-permalink" href="https://vacode.org/8.9A-605/#b2"><i class="fa fa-link"/></a></p></section>
						<section id="c"><p><span class="prefix-number">c.</span> relating to the person is not provided by the <span class="dictionary">collateral</span>, a record attached to or logically associated with the <span class="dictionary">collateral</span>, or the system in which the <span class="dictionary">collateral</span> is recorded. <a id="paragraph-252675" class="section-permalink" href="https://vacode.org/8.9A-605/#c"><i class="fa fa-link"/></a></p></section></text><history>2000, c. 1007; 2024, c. 652.</history><metadata></metadata></law>
