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 the person unless the secured party knows:

   1. (a) that a person is a debtor; and
   2. (b) the identity of the person.

History: En. Sec. 102, Ch. 305, L. 1999; Sec. 30-9-605, MCA 1999; redes. 30-9A-605 by Code Commissioner, 2001.