1. (a) A debtor or secondary obligor may waive the right to notification of disposition of collateral under § 28:9-611 only by an agreement to that effect entered into and signed after default.
2. (b) A debtor may waive the right to require disposition of collateral under § 28:9-620(e) only by an agreement to that effect entered into and signed after default.
3. (c) Except in a consumer-goods transaction, a debtor or secondary obligor may waive the right to redeem collateral under § 28:9-623 only by an agreement to that effect entered into and signed after default.

Uniform Commercial Code Comment

2. Waiver. This section is a limited exception to Section 9-602, which generally prohibits waiver by debtors and obligors. It makes no provision for waiver of the rule prohibiting a secured party from buying at its own private disposition. Transactions of this kind are equivalent to “strict foreclosures” and are governed by Sections 9-620, 9-621, and 9-622.

1. Source. Former Sections 9-504(3), 9-505, 9-506.

History

Oct. 26, 2000, D.C. Law 13-201, § 101, 47 DCR 7576

Apr. 20, 2024, D.C. Law 25-158, § 2(j)(47)

Section References

This section is referenced in § 28:9-602 and § 28:9-620.