New Jersey § 12A:9-602 Waiver and variance of rights and duties.

New Jersey Statutes

§ 12A:9-602 — Waiver and variance of rights and duties.

New Jersey § 12A:9-602

Title 12ACOMMERCIAL TRANSACTIONS

This text of New Jersey § 12A:9-602 (Waiver and variance of rights and duties.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 12A:9-602 (2026).

Text

12A:9-602. Waiver and Variance of Rights and Duties. Except as otherwise provided in 12A:9-624, to the extent that they give rights to a debtor or obligor and impose duties on a secured party, the debtor or obligor may not waive or vary the rules stated in the following listed sections:

(1)12A:9-207 (b) (4) (C), which deals with use and operation of the collateral by the secured party;

(2)12A:9-210, which deals with requests for an accounting and requests concerning a list of collateral and statement of account;

(3)12A:9-607 (c), which deals with collection and enforcement of collateral;

(4)12A:9-608 (a), and 12A:9-615 (c) to the extent that they deal with application or payment of noncash proceeds of collection, enforcement, or disposition;

(5)12A:9-608 (a) and 12A:9-615 (d) to the e

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12A:9-602. Waiver and Variance of Rights and Duties. Except as otherwise provided in 12A:9-624, to the extent that they give rights to a debtor or obligor and impose duties on a secured party, the debtor or obligor may not waive or vary the rules stated in the following listed sections: (1) 12A:9-207 (b) (4) (C), which deals with use and operation of the collateral by the secured party; (2) 12A:9-210, which deals with requests for an accounting and requests concerning a list of collateral and statement of account; (3) 12A:9-607 (c), which deals with collection and enforcement of collateral; (4) 12A:9-608 (a), and 12A:9-615 (c) to the extent that they deal with application or payment of noncash proceeds of collection, enforcement, or disposition; (5) 12A:9-608 (a) and 12A:9-615 (d) to the extent that they require accounting for or payment of surplus proceeds of collateral; (6) 12A:9-609 to the extent that it imposes upon a secured party that takes possession of collateral without judicial process the duty to do so without breach of the peace; (7) 12A:9-610 (b), 12A:9-611, 12A:9-613 and 12A:9-614, which deal with disposition of collateral; (8) 12A:9-615 (f), which deals with calculation of a deficiency or surplus when a disposition is made to the secured party, a person related to the secured party, or a secondary obligor; (9) 12A:9-616, which deals with explanation of the calculation of a surplus or deficiency; (10) 12A:9-620, 12A:9-621 and 12A:9-622, which deal with acceptance of collateral in satisfaction of obligation; (11) 12A:9-623, which deals with redemption of collateral; (12) 12A:9-624, which deals with permissible waivers; and (13) 12A:9-625 and 12A:9-626, which deal with the secured party's liability for failure to comply with this chapter. L.2001, c.117, s.1; amended 2001, c.386, s.92.