(3)__This section does not apply to an assignment constituting the sale of an account, chattel paper or payment intangible.

Official Comment

1. Source. New.

2. Scope and Purpose. Like Sections 9-208 and 9-513 [Maine cite section 9-1208 and section 9-1513], which require a secured party to relinquish control of collateral and to file or provide a termination statement for a financing statement, this section requires a secured party to free up collateral when there no longer is any outstanding secured obligation or any commitment to give value in the future. This section addresses the case in which account debtors have been notified to pay a secured party to whom the receivables have been assigned. It requires the secured party (assignee) to inform the account debtors that they no longer are obligated to make payment to the secured party. See subsection (b) [Maine cite subsection (2)]. It does not apply to account debtors whose obligations on an account, chattel paper, or payment intangible have been sold. See subsection (c) [Maine cite subsection (3)].

§9-1210.__Request for accounting; request regarding list of

collateral or statement of account

(1)__In this section:

(a)__"Request" means a record of a type described in paragraph (b), (c) or (d);

(b)__"Request for an accounting" means a record authenticated by a debtor requesting that the recipient provide an accounting of the unpaid obligations secured by collateral and reasonably identifying the transaction or relationship that is the subject of the request;

(c)__"Request regarding a list of collateral" means a record authenticated by a debtor requesting that the recipient approve or correct a list of what the debtor believes to be