§ 26-1-9.1-210 — Request for accounting; request regarding list of collateral or statement of account

Indiana § 26-1-9.1-210

• Jurisdiction: Indiana
• Title 26: COMMERCIAL LAW
• Art. 1: UNIFORM COMMERCIAL CODE
• Ch. 9.1: Secured Transactions

Text

(a) In this section the following
definitions apply:
(1) "Request" means a record of a type described in subdivision
(2), (3), or (4).
(2) "Request for an accounting" means a record signed 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.
(3) "Request regarding a list of collateral" means a record signed
by a debtor requesting that the recipient approve or correct a list
of what the debtor believes to be the collateral securing an
obligation and reasonably identifying the transaction or
relationship that is the subject of the request.
(4) "Request regarding a statement of account" means a record
signed 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.
(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
fourteen (14) days after receipt:
(1) in the case of a request for an accounting, by signing 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 signing 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 a signed
record, including a statement to that effect within fourteen (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 fourteen (14) days after receipt by sending to the
debtor a signed 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 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 the person receives the request, and claimed an interest in the
obligations at an earlier time shall comply with the request within
fourteen (14) days after receipt by sending to the debtor a signed
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 (1) response to a
request under this section during any six (6) month period. The secured
party may require payment of a charge not exceeding twenty-five
dollars ($25) for each additional response.

Legislative History

As added by P.L.57-2000, SEC.45. Amended by P.L.199-2023, SEC.50.