§9-1624. Waiver
(CONTAINS TEXT WITH VARYING EFFECTIVE DATES)
(WHOLE SECTION TEXT EFFECTIVE 7/01/25)
(1).
A debtor or secondary obligor may waive the right to notification of disposition of collateral under section 9‑1611 only by an agreement to that effect entered into and signed after default.
[PL 2023, c. 669, Pt. A, §165 (AMD); PL 2023, c. 669, Pt. E, §1 (AFF).]
(2).
A debtor may waive the right to require disposition of collateral under section 9‑1620, subsection (5) only by an agreement to that effect entered into and signed after default.
[PL 2023, c. 669, Pt. A, §165 (AMD); PL 2023, c. 669, Pt. E, §1 (AFF).]
(3).
Except in a consumer-goods transaction, a debtor or secondary obligor may waive the right to redeem collateral under section 9‑1623 only by an agreement to that effect entered into and signed after default.
[PL 2023, c. 669, Pt. A, §165 (AMD); PL 2023, c. 669, Pt. E, §1 (AFF).]
SECTION HISTORY
PL 1999, c. 699, §A2 (NEW). PL 1999, c. 699, §A4 (AFF). PL 2023, c. 669, Pt. A, §165 (AMD). PL 2023, c. 669, Pt. E, §1 (AFF).