1. (a) A secured party does not owe a duty based on its status as secured party:

   1. (1) To a person that is a debtor or obligor, unless the secured party knows:

      1. (A) That the person is a debtor or obligor;
      2. (B) The identity of the person; and
      3. (C) How to communicate with the person; or

   2. (2) To a secured party or lienholder that has filed a financing statement against a person, unless the secured party knows:

      1. (A) That the person is a debtor; and
      2. (B) The identity of the person.
2. (b) What the secured party knows is to be determined in the light of the good faith obligations of the secured party.

(P.A. 01-132, S. 102.)