S.C. Code Ann. § 36-9-605 – Unknown debtor or secondary obligor

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:
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) 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.

HISTORY: 1988 Act No. 494, Section 5; 2001 Act No. 67, Section 12. "Debtor" Section 36-9-102(a)(28) "Financing statement" Section 36-9-102(a)(39) "Know" Section 36-1-201(25) [see now Section 36-1-202] "Obligor" Section 36-9-102(a)(59) "Secured party" Section 36-9-102(a)(72)