§ 10:9-210 — Request for accounting; request regarding list of collateral or statement of account

§9-210. Request for accounting; request regarding list of collateral or statement of account
(a) Definitions. In this Section:
(1) "Request" means a record of a type described in Paragraph (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) Duty to respond to requests. Subject to Subsections (c), (d), (e), and (f) of this
Section, 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 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) Request regarding list of collateral; statement concerning type of collateral. 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 days after receipt.
(d) Request regarding list of collateral; no interest claimed. 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 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) Request for accounting or regarding statement of account; no interest in
obligation claimed. 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
fourteen 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) Charges for responses. 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 twenty-five dollars for each additional response.

Legislative History

Acts 2001, No. 128, §1, eff. July 1, 2001; Acts 2024, No. 773, §1.