LD 2245
pg. 111
Page 110 of 493 An Act to Adopt the Model Revised Article 9 Secured Transactions Page 112 of 493
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LR 1087
Item 1

 
the collateral securing an obligation and reasonably
identifying the transaction or relationship that is the
subject of the request; and

 
(d)__"Request regarding a statement of account" means a
record authenticated by a debtor requesting that the
recipient approve or correct a statement indicating what the
debtor believes to 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.

 
(2)__Subject to subsections (3), (4), (5) and (6), 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:

 
(a)__In the case of a request for an accounting, by
authenticating and sending to the debtor an accounting; and

 
(b)__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.

 
(3)__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.

 
(4)__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:

 
(a)__Disclaiming any interest in the collateral; and

 
(b)__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.

 
(5)__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:


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