Pennsylvania § 9603 Agreement on standards concerning rights and duties

Pennsylvania Statutes

§ 9603 — Agreement on standards concerning rights and duties

Pennsylvania § 9603

Title 13COMMERCIAL CODE

Ch. 96DEFAULT

Subch.DEFAULT AND ENFORCEMENT OF SECURITY INTEREST

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Bluebook

13 Pa. Cons. Stat. § 9603 (2026).

Text

(a)Agreed standards.--The parties may determine by agreement the standards measuring the fulfillment of the rights of a debtor or obligor and the duties of a secured party under a rule stated in section 9602 (relating to waiver and variance of rights and duties) if the standards are not manifestly unreasonable.

(b)Agreed standards inapplicable to breach of peace.--Subsection (a) does not apply to the duty under section 9609 (relating to secured party's right to take possession after default) to refrain from breaching the peace.

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(a) Agreed standards.--The parties may determine by agreement the standards measuring the fulfillment of the rights of a debtor or obligor and the duties of a secured party under a rule stated in section 9602 (relating to waiver and variance of rights and duties) if the standards are not manifestly unreasonable.

(b) Agreed standards inapplicable to breach of peace.--Subsection (a) does not apply to the duty under section 9609 (relating to secured party's right to take possession after default) to refrain from breaching the peace.