11 §9-1625. Remedies for secured party’s failure to comply with Article
§9-1625. Remedies for secured party’s failure to comply with Article (1). If it is established that a secured party is not proceeding in accordance with this Article, a court may order or restrain collection, enforcement or disposition of collateral on appropriate terms and conditions. [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, […]
11 §9-1626. Action in which deficiency or surplus is in issue
§9-1626. Action in which deficiency or surplus is in issue (1). In an action arising from a transaction, other than a consumer transaction, in which the amount of a deficiency or surplus is in issue, the following rules apply. (a). A secured party need not prove compliance with the provisions of this part relating […]
11 §9-1627. Determination of whether conduct was commercially reasonable
§9-1627. Determination of whether conduct was commercially reasonable (1). The fact that a greater amount could have been obtained by a collection, enforcement, disposition or acceptance at a different time or in a different method from that selected by the secured party is not of itself sufficient to preclude the secured party from establishing that […]
11 §9-1628. Nonliability and limitation on liability of secured party; liability of secondary obligor
§9-1628. Nonliability and limitation on liability of secured party; liability of secondary obligor (1). Unless a secured party knows that a person is a debtor or obligor, knows the identity of the person and knows how to communicate with the person: (a). The secured party is not liable to the person or to a […]