Okla. Stat. tit. 12A, § 12A-1-9-605
This is the official text of Okla. Stat. tit. 12A, § 12A-1-9-605, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Unknown debtor or secondary obligor
Official statutory text
UNKNOWN DEBTOR OR SECONDARY OBLIGOR
(a) Except as provided in subsection (b) of this section, a
secured party does not owe a duty based on its status as secured
party:
(1) to a person that is a debtor or obligor, unless the secured
party knows:
(A) that the person is a debtor or obligor;
(B) the identity of the person; and
(C) how to communicate with the person; or
(2) to a secured party or lienholder that has filed a financing
statement against a person, unless the secured party knows:
(A) that the person is a debtor; and
(B) the identity of the person.
(b) A secured party owes a duty based on its status as a
secured party to a person if, at the time the secured party obtains
control of collateral that is a controllable account, controllable
electronic record, or controllable payment intangible or at the time
the security interest attaches to the collateral, whichever is
later:
(1) the person is a debtor or obligor; and
(2) the secured party knows that the information in
subparagraph (A), (B), or (C) of paragraph (1) of subsection (a) of
this section relating to the person is not provided by the
collateral, a record attached to or logically associated with the
collateral, or the system in which the collateral is recorded.
(a) Except as provided in subsection (b) of this section, a
secured party does not owe a duty based on its status as secured
party:
(1) to a person that is a debtor or obligor, unless the secured
party knows:
(A) that the person is a debtor or obligor;
(B) the identity of the person; and
(C) how to communicate with the person; or
(2) to a secured party or lienholder that has filed a financing
statement against a person, unless the secured party knows:
(A) that the person is a debtor; and
(B) the identity of the person.
(b) A secured party owes a duty based on its status as a
secured party to a person if, at the time the secured party obtains
control of collateral that is a controllable account, controllable
electronic record, or controllable payment intangible or at the time
the security interest attaches to the collateral, whichever is
later:
(1) the person is a debtor or obligor; and
(2) the secured party knows that the information in
subparagraph (A), (B), or (C) of paragraph (1) of subsection (a) of
this section relating to the person is not provided by the
collateral, a record attached to or logically associated with the
collateral, or the system in which the collateral is recorded.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.