BE THE AGGREGATE AMOUNT OF UNPAID OBLIGATIONS SECURED BY COLLATERAL
AS OF A SPECIFIED DATE AND REASONABLY IDENTIFYING THE TRANSACTION OR
RELATIONSHIP THAT IS THE SUBJECT OF THE REQUEST.
(B) SUBJECT TO SUBSECTIONS (C), (D), (E), AND (F), A SECURED PARTY, OTHER
THAN A BUYER OF ACCOUNTS, CHATTEL PAPER, PAYMENT INTANGIBLES, OR
PROMISSORY NOTES OR A CONSIGNOR, SHALL COMPLY WITH A REQUEST WITHIN 14
DAYS AFTER RECEIPT:
(1) IN THE CASE OF A REQUEST FOR AN ACCOUNTING, BY
AUTHENTICATING AND SENDING TO THE DEBTOR AN ACCOUNTING; AND
(2) IN THE CASE OF A REQUEST REGARDING A LIST OF COLLATERAL OR
A REQUEST REGARDING A STATEMENT OF ACCOUNT, BY AUTHENTICATING AND
SENDING TO THE DEBTOR AN APPROVAL OR CORRECTION.
(C) A SECURED PARTY THAT CLAIMS A SECURITY INTEREST IN ALL OF A
PARTICULAR TYPE OF COLLATERAL OWNED BY THE DEBTOR MAY COMPLY WITH A
REQUEST REGARDING A LIST OF COLLATERAL BY SENDING TO THE DEBTOR AN
AUTHENTICATED RECORD INCLUDING A STATEMENT TO THAT EFFECT WITHIN 14
DAYS AFTER RECEIPT.
(D) A PERSON THAT RECEIVES A REQUEST REGARDING A LIST OF
COLLATERAL, CLAIMS NO INTEREST IN THE COLLATERAL WHEN IT RECEIVES THE
REQUEST, AND CLAIMED AN INTEREST IN THE COLLATERAL AT AN EARLIER TIME
SHALL COMPLY WITH THE REQUEST WITHIN 14 DAYS AFTER RECEIPT BY SENDING
TO THE DEBTOR AN AUTHENTICATED RECORD:
(1) DISCLAIMING ANY INTEREST IN THE COLLATERAL; AND
(2) IF KNOWN TO THE RECIPIENT, PROVIDING THE NAME AND MAILING
ADDRESS OF ANY ASSIGNEE OF OR SUCCESSOR TO THE RECIPIENT'S SECURITY
INTEREST IN THE COLLATERAL.
(E) A PERSON THAT RECEIVES A REQUEST FOR AN ACCOUNTING OR A
REQUEST REGARDING A STATEMENT OF ACCOUNT, CLAIMS NO INTEREST IN THE
OBLIGATIONS WHEN IT RECEIVES THE REQUEST, AND CLAIMED AN INTEREST IN THE
OBLIGATIONS AT AN EARLIER TIME SHALL COMPLY WITH THE REQUEST WITHIN 14
DAYS AFTER RECEIPT BY SENDING TO THE DEBTOR AN AUTHENTICATED RECORD:
(1) DISCLAIMING ANY INTEREST IN THE OBLIGATIONS; AND
(2) IF KNOWN TO THE RECIPIENT, PROVIDING THE NAME AND MAILING
ADDRESS OF ANY ASSIGNEE OF OR SUCCESSOR TO THE RECIPIENT'S INTEREST IN
THE OBLIGATIONS.
(F) A DEBTOR IS ENTITLED WITHOUT CHARGE TO ONE RESPONSE TO A
REQUEST UNDER THIS SECTION DURING ANY SIX-MONTH PERIOD. THE SECURED
PARTY MAY REQUIRE PAYMENT OF A CHARGE NOT EXCEEDING $25 FOR EACH
ADDITIONAL RESPONSE.
|