The Vermont Statutes Online

Title 9A : Uniform Commercial Code

Article 009 : Secured Transactions

• § 9—602. Waiver and variance of rights and duties

  Except as otherwise provided in section 9—624 of this title, 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) subdivision 9—207(b)(4)(C) of this title, which deals with use and operation of the collateral by the secured party;

  (2) section 9—210 of this title, which deals with requests for an accounting and requests concerning a list of collateral and statement of account;

  (3) subsection 9—607(c) of this title, which deals with collection and enforcement of collateral;

  (4) subsections 9—608(a) and 9—615(c) of this title to the extent that they deal with application or payment of noncash proceeds of collection, enforcement, or disposition;

  (5) subsections 9—608(a) and 9—615(d) of this title to the extent that they require accounting for or payment of surplus proceeds of collateral;

  (6) section 9—609 of this title 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) subsection 9—610(b) of this title, and sections 9—611, 9—613, and 9—614 of this title, which deal with disposition of collateral;

  (8) subsection 9—615(f) of this title, 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) section 9—616 of this title, which deals with explanation of the calculation of a surplus or deficiency;

  (10) sections 9—620, 9—621, and 9—622 of this title, which deal with acceptance of collateral in satisfaction of obligation;

  (11) section 9—623 of this title, which deals with redemption of collateral;

  (12) section 9—624 of this title, which deals with permissible waivers; and

  (13) sections 9—625 and 9—626 of this title, which deal with the secured party’s liability for failure to comply with this article. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)