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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:
    1. That the person is a debtor or obligor;
    2. The identity of the person; and
    3. 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:
    1. That the person is a debtor; and
    2. The identity of the person.

History. Code 1981, § 11-9-605 , enacted by Ga. L. 2001, p. 362, § 1.