reglab/housing_qa huggingface dataset:
CA Com Code § 9618 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 6 - Default|Section 9618.

9618.  (a) A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after any of the following occurs:(1) The secondary obligor receives an assignment of a secured obligation from the secured party.(2) The secondary obligor receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party.(3) The secondary obligor is subrogated to the rights of a secured party with respect to collateral.(b) Both of the following rules apply with respect to an assignment, transfer, or subrogation described in subdivision (a):(1) It is not a disposition of collateral under Section 9610.(2) It relieves the secured party of further duties under this division.(Added by Stats. 1999, Ch. 991, Sec. 35. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991 and Section 9701.)
CA Com Code § 9619 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 6 - Default|Section 9619.

9619.  (a) In this section, “transfer statement” means a record authenticated by a secured party stating all of the following:(1) That the debtor has defaulted in connection with an obligation secured by specified collateral.(2) That the secured party has exercised its postdefault remedies with respect to the collateral.(3) That, by reason of the exercise, a transferee has acquired the rights of the debtor in the collateral.(4) The name and mailing address of the secured party, debtor, and transferee.(b) A transfer statement entitles the transferee to the transfer of record of all rights of the debtor in the collateral specified in the statement in any official filing, recording, registration, or certificate of title system covering the collateral. If a transfer statement is presented with the applicable fee and request form to the official or office responsible for maintaining the system, the official or office shall do all of the following:(1) Accept the transfer statement.(2) Promptly amend its records to reflect the transfer.(3) If applicable, issue a new appropriate certificate of title in the name of the transferee.(c) A transfer of the record or legal title to collateral to a secured party under subdivision (b) or otherwise is not of itself a disposition of collateral under this division and does not of itself relieve the secured party of its duties under this division.(Added by Stats. 1999, Ch. 991, Sec. 35. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991 and Section 9701.)
CA Com Code § 9621 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 6 - Default|Section 9621.

9621.  (a) A secured party that desires to accept collateral in full or partial satisfaction of the obligation it secures shall send its proposal to all of the following persons:(1) Any person from which the secured party has received, before the debtor consented to the acceptance, an authenticated notification of a claim of an interest in the collateral.(2) Any other secured party or lienholder that, 10 days before the debtor consented to the acceptance, held a security interest in or other lien on the collateral perfected by the filing of a financing statement that satisfied all of the following conditions:(A) It identified the collateral.(B) It was indexed under the debtor’s name as of that date.(C) It was filed in the office or offices in which to file a financing statement against the debtor covering the collateral as of that date.(3) Any other secured party that, 10 days before the debtor consented to the acceptance, held a security interest in the collateral perfected by compliance with a statute, regulation, or treaty described in subdivision (a) of Section 9311.(b) A secured party that desires to accept collateral in partial satisfaction of the obligation it secures shall send its proposal to any secondary obligor in addition to the persons described in subdivision (a).(Added by Stats. 1999, Ch. 991, Sec. 35. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991 and Section 9701.)
CA Com Code § 9622 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 6 - Default|Section 9622.

9622.  (a) A secured party’s acceptance of collateral in full or partial satisfaction of the obligation it secures does all of the following:(1) It discharges the obligation to the extent consented to by the debtor.(2) It transfers to the secured party all of a debtor’s rights in the collateral.(3) It discharges the security interest or agricultural lien that is the subject of the debtor’s consent and any subordinate security interest or other subordinate lien.(4) It terminates any other subordinate interest.(b) A subordinate interest is discharged or terminated under subdivision (a), even if the secured party fails to comply with this division.(Added by Stats. 1999, Ch. 991, Sec. 35. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991 and Section 9701.)
CA Com Code § 9623 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 6 - Default|Section 9623.

9623.  (a) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.(b) To redeem collateral, a person shall tender both of the following:(1) Fulfillment of all obligations secured by the collateral.(2) The reasonable expenses and attorney’s fees described in paragraph (1) of subdivision (a) of Section 9615.(c) A redemption may occur at any time before a secured party has done any of the following:(1) Collected collateral under Section 9607.(2) Disposed of collateral or entered into a contract for its disposition under Section 9610.(3) Accepted collateral in full or partial satisfaction of the obligation it secures under Section 9622.(Added by Stats. 1999, Ch. 991, Sec. 35. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991 and Section 9701.)
CA Com Code § 9624 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 6 - Default|Section 9624.

9624.  (a) A debtor or secondary obligor may waive the right to notification of disposition of collateral under Section 9611 only by an agreement to that effect entered into and authenticated after default.(b) A debtor may waive the right to require disposition of collateral under subdivision (e) of Section 9620 only by an agreement to that effect entered into and authenticated after default.(c) Except in a consumer-goods transaction, a debtor or secondary obligor may waive the right to redeem collateral under Section 9623 only by an agreement to that effect entered into and authenticated after default.(Added by Stats. 1999, Ch. 991, Sec. 35. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991 and Section 9701.)
CA Com Code § 9627 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 6 - Default|Section 9627.

9627.  (a) The fact that a greater amount could have been obtained by a collection, enforcement, disposition, or acceptance at a different time or in a different method from that selected by the secured party is not of itself sufficient to preclude the secured party from establishing that the collection, enforcement, disposition, or acceptance was made in a commercially reasonable manner.(b) A disposition of collateral is made in a commercially reasonable manner if the disposition satisfies any of the following conditions:(1) It is made in the usual manner on any recognized market.(2) It is made at the price current in any recognized market at the time of the disposition.(3) It is made otherwise in conformity with reasonable commercial practices among dealers in the type of property that was the subject of the disposition.(c) A collection, enforcement, disposition, or acceptance is commercially reasonable if it has been approved in or by any of the following:(1) In a judicial proceeding.(2) By a bona fide creditors’ committee.(3) By a representative of creditors.(4) By an assignee for the benefit of creditors.(d) Approval under subdivision (c) need not be obtained, and lack of approval does not mean that the collection, enforcement, disposition, or acceptance is not commercially reasonable.(Added by Stats. 1999, Ch. 991, Sec. 35. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991 and Section 9701.)
CA Com Code § 9628 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 6 - Default|Section 9628.

9628.  (a) Unless a secured party knows that a person is a debtor or obligor, knows the identity of the person, and knows how to communicate with the person both of the following rules apply:(1) The secured party is not liable to the person, or to a secured party or lienholder that has filed a financing statement against the person, for failure to comply with this division.(2) The secured party’s failure to comply with this division does not affect the liability of the person for a deficiency.(b) A secured party is not liable because of its status as secured party to either of the following persons:(1) To a person that is a debtor or obligor, unless the secured party knows all of the following:(A) That the person is a debtor or obligor.(B) The identity of the person.(C) How to communicate with the person.(2) To a secured party or lienholder that has filed a financing statement against a person, unless the secured party knows both of the following:(A) That the person is a debtor.(B) The identity of the person.(c) A secured party is not liable to any person, and a person’s liability for a deficiency is not affected, because of any act or omission arising out of the secured party’s reasonable belief that a transaction is not a consumer-goods transaction or a consumer transaction or that goods are not consumer goods, if the secured party’s belief is based on its reasonable reliance on either of the following representations:(1) A debtor’s representation concerning the purpose for which collateral was to be used, acquired, or held.(2) An obligor’s representation concerning the purpose for which a secured obligation was incurred.(d) A secured party is not liable under paragraph (2) of subdivision (c) of Section 9625 more than once with respect to any one secured obligation.(Added by Stats. 1999, Ch. 991, Sec. 35. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991 and Section 9701.)
CA Com Code § 9629 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 6 - Default|Section 9629.

9629.  No renunciation or modification by the debtor of any of his or her rights under this chapter as to consumer goods shall be valid or enforceable unless the renunciation or modification is in consideration of a waiver by the secured party of any right to a deficiency on the debt.(Added by Stats. 1999, Ch. 991, Sec. 35. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991 and Section 9701.)
CA Com Code § 9701 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 7 - Transition|Section 9701.

9701.  This division shall become operative on July 1, 2001.(Added by Stats. 1999, Ch. 991, Sec. 35. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991.)
CA Com Code § 9702 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 7 - Transition|Section 9702.

9702.  (a) Except as otherwise provided in this chapter, this division applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before this division takes effect.(b) Except as otherwise provided in subdivision (c) and in Sections 9703 to 9709, inclusive, both of the following rules apply:(1) Transactions and liens that were not governed by former Division 9, were validly entered into or created before July 1, 2001, and would be subject to this act if they had been entered into or created after July 1, 2001, and the rights, duties, and interests flowing from those transactions and liens remain valid after July 1, 2001.(2) The transactions and liens may be terminated, completed, consummated, and enforced as required or permitted by this division or by the law that otherwise would apply if this division had not taken effect.(c) This division does not affect an action, case, or proceeding commenced before July 1, 2001.(Amended (as to be added by Stats. 1999, Ch. 991) by Stats. 2000, Ch. 1003, Sec. 48. Effective January 1, 2001. Addition and amendment operative July 1, 2001, by Stats. 1999, Ch. 991, Sec. 75, and Stats. 2000, Ch. 1003, Sec. 56.)
CA Com Code § 9703 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 7 - Transition|Section 9703.

9703.  (a) A security interest that is enforceable immediately before July 1, 2001, and would have priority over the rights of a person that becomes a lien creditor at that time is a perfected security interest under this division if, on July 1, 2001, the applicable requirements for enforceability and perfection under this division are satisfied without further action.(b) Except as otherwise provided in Section 9705, if, immediately before July 1, 2001, a security interest is enforceable and would have priority over the rights of a person that becomes a lien creditor at that time, but the applicable requirements for enforceability or perfection under this division are not satisfied on July 1, 2001, when all of the following rules apply with respect to the security interest:(1) It is a perfected security interest until July 1, 2002.(2) It remains enforceable thereafter only if the security interest becomes enforceable under Section 9203 before July 1, 2002.(3) It remains perfected thereafter only if the applicable requirements for perfection under this division are satisfied before July 1, 2002.(Added by Stats. 1999, Ch. 991, Sec. 35. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991 and Section 9701.)
CA Com Code § 9704 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 7 - Transition|Section 9704.

9704.  All of the following rules apply with respect to a security interest that is enforceable immediately before July 1, 2001, but which would be subordinate to the rights of a person that becomes a lien creditor at that time:(1) It remains an enforceable security interest until July 1, 2002.(2) It remains enforceable thereafter if the security interest becomes enforceable under Section 9203 on July 1, 2001, or on July 1, 2002.(3) It becomes perfected in either of the following ways:(A) Without further action, on July 1, 2001, if the applicable requirements for perfection under this division are satisfied on or before that time.(B) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.(Added by Stats. 1999, Ch. 991, Sec. 35. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991 and Section 9701.)
CA Com Code § 9705 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 7 - Transition|Section 9705.

9705.  (a) If action, other than the filing of a financing statement, is taken before July 1, 2001, and the action would have resulted in priority of a security interest over the rights of a person that becomes a lien creditor had the security interest become enforceable before July 1, 2001, the action is effective to perfect a security interest that attaches under this division on or before July 1, 2002. An attached security interest becomes unperfected on July 1, 2002, unless the security interest becomes a perfected security interest under this division before that date.(b) The filing of a financing statement before July 1, 2001, is effective to perfect a security interest to the extent the filing would satisfy the applicable requirements for perfection under this division.(c) This division does not render ineffective an effective financing statement that, before July 1, 2001, is filed and satisfies the applicable requirements for perfection under the law of the jurisdiction governing perfection as provided in former Section 9103. However, except as otherwise provided in subdivisions (d) and (e) and in Section 9706, the financing statement ceases to be effective at the earlier of either of the following:(1) The time the financing statement would have ceased to be effective under the law of the jurisdiction in which it is filed.(2) June 30, 2006.(d) The filing of a continuation statement after July 1, 2001, does not continue the effectiveness of the financing statement filed before July 1, 2001. However, upon the timely filing of a continuation statement after July 1, 2001, and in accordance with the law of the jurisdiction governing perfection as provided in Chapter 3 (commencing with Section 9301), the effectiveness of a financing statement filed in the same office in that jurisdiction before July 1, 2001, continues for the period provided by the law of that jurisdiction.(e) Paragraph (2) of subdivision (c) applies to a financing statement that, before July 1, 2001, is filed against a transmitting utility and satisfies the applicable requirements for perfection under the law of the jurisdiction governing perfection as provided in former Section 9103 only to the extent that Chapter 3 (commencing with Section 9301) provides that the law of a jurisdiction other than the jurisdiction in which the financing statement is filed governs perfection of a security interest in collateral covered by the financing statement.(f) A financing statement that includes a financing statement filed before July 1, 2001, and a continuation statement filed after July 1, 2001, is effective only to the extent that it satisfies the requirements of Chapter 5 (commencing with Section 9501) for an initial financing statement.(Amended (as to be added by Stats. 1999, Ch. 991) by Stats. 2000, Ch. 1003, Sec. 49. Effective January 1, 2001. Addition and amendment operative July 1, 2001, by Stats. 1999, Ch. 991, Sec. 75, and Stats. 2000, Ch. 1003, Sec. 56.)
CA Com Code § 9706 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 7 - Transition|Section 9706.

9706.  (a) The filing of an initial financing statement in the office specified in Section 9501 continues the effectiveness of a financing statement filed before July 1, 2001, if all of the following conditions are satisfied:(1) The filing of an initial financing statement in that office would be effective to perfect a security interest under this division.(2) The preeffective date financing statement was filed in an office in another state or another office in this state.(3) The initial financing statement satisfies subdivision (c).(b) The filing of an initial financing statement under subdivision (a) continues the effectiveness of the preeffective date financing statement for the following periods:(1) If the initial financing statement is filed before July 1, 2001, for the period provided in former Section 9403 with respect to a financing statement.(2) If the initial financing statement is filed after July 1, 2001, for the period provided in Section 9515 with respect to an initial financing statement.(c) To be effective for purposes of subdivision (a), an initial financing statement must do all of the following:(1) Satisfy the requirements of Chapter 5 (commencing with Section 9501) for an initial financing statement.(2) Identify the preeffective date financing statement by indicating the office in which the financing statement was filed and providing the dates of filing and file numbers, if any, of the financing statement and of the most recent continuation statement filed with respect to the financing statement.(3) Indicate that the preeffective date financing statement remains effective.(Amended (as to be added by Stats. 1999, Ch. 991) by Stats. 2000, Ch. 135, Sec. 21. Effective January 1, 2001. Addition and amendment operative July 1, 2001, pursuant to Stats. 1999, Ch. 991, Sec. 75, and Section 9701.)
CA Com Code § 9707 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 7 - Transition|Section 9707.

9707.  (a) In this section, “pre-effective-date financing statement” means a financing statement filed before the date that this section becomes operative.(b) After the date this section becomes operative, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in, a pre-effective-date financing statement only in accordance with the law of the jurisdiction governing perfection as provided in Chapter 3 (commencing with Section 9301). However, the effectiveness of a pre-effective-date financing statement also may be terminated in accordance with the law of the jurisdiction in which the financing statement is filed.(c) Except as otherwise provided by subdivision (d), if the law of this state governs perfection of a security interest, the information in a pre-effective-date financing statement may be amended after the date this section becomes operative only if any of the following occur:(1) The pre-effective-date financing statement and an amendment are filed in the office specified in Section 9501.(2) An amendment is filed in the office specified in Section 9501 concurrently with, or after the filing in that office of, an initial financing statement that satisfies subdivision (c) of Section 9706.(3) An initial financing statement that provides the information as amended and satisfies subdivision (c) of Section 9706 is filed in the office specified in Section 9501.(d) If the law of this state governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement may be continued only under subdivisions (d) and (f) of Section 9705 or Section 9706.(e) Whether or not the law of this state governs the perfection of a security interest, the effectiveness of a pre-effective-date financing statement filed in this state may be terminated after the date that this section becomes operative by filing a termination statement in the office in which the pre-effective-date financing statement is filed, unless an initial filing statement that satisfies subdivision (c) of Section 9706 has been filed in the office specified by the law of the jurisdiction governing perfection as provided in Chapter 3 (commencing with Section 9301) as the office in which to file a financing statement.(Added by Stats. 2000, Ch. 1003, Sec. 51. Effective January 1, 2001. Operative July 1, 2001, by Sec. 56 of Ch. 1003.)
CA Com Code § 9708 (2021)
2021 California Code|Commercial Code - COM|DIVISION 9 - SECURED TRANSACTIONS|CHAPTER 7 - Transition|Section 9708.

9708.  A person may file an initial financing statement or a continuation statement under this chapter if both of the following conditions are satisfied:(1) The secured party of record authorizes the filing.(2) The filing is necessary under this chapter to do either of the following:(A) To continue the effectiveness of a financing statement filed before July 1, 2001.(B) To perfect or continue the perfection of a security interest.(Added by renumbering Section 9707 (as to be added by Stats. 1999, Ch. 991) by Stats. 2000, Ch. 1003, Sec. 50. Effective January 1, 2001. Addition (as Section 9707) and renumbering amendment operative July 1, 2001, by Stats. 1999, Ch. 991, Sec. 75, and Stats. 2000, Ch. 1003, Sec. 56.)