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2365 — Puerto Rico Law | CourtGPT
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  3. Puerto Rico/
  4. Title Nineteen - Negotiable Instruments (§§ 1-24 — 2409)/
  5. Subtitle 2 - Commercial Transactions/
  6. Chapter 55a - Secured Transactions Sub/
  7. Subchapter VI/
  8. 2365
Puerto Rico Legal Code

2365

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A secured party does not owe a duty based on its status as secured party:\n(1) To a person that is a debtor or obligor, unless the secured party knows:\n(A) That the person is a debtor or obligor;\n(B) the identity of the person, and\n(C) how to communicate with the person; or\n(2) to a secured party or lienholder that has filed a financing statement against a person, unless the secured party knows:\n(A) That the person is a debtor, and\n(B) the identity of the person.\nHistory —Sept. 19, 1996, No. 241, added as § 9-605 on Jan. 17, 2012, No. 21, § 11, eff. 1 year after Jan. 17, 2012.