reglab/housing_qa huggingface dataset:
13 PA Cons Stat § 9621 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 13 - COMMERCIAL CODE|Chapter 96 - Default|Section 9621 - Notification of proposal to accept collateral

§ 9621. Notification of proposal to accept collateral.  (a) Persons to which proposal to be sent.--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:  (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, ten 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 which:  (i) identified the collateral;  (ii) was indexed under the debtor's name as of that date; and  (iii) 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, ten 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 section 9311(a) (relating to security interest subject to other law).  (b) Proposal to be sent to secondary obligor in partial satisfaction.--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 subsection (a).  Cross References. Section 9621 is referred to in sections 9102, 9602, 9620 of this title.
13 PA Cons Stat § 9622 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 13 - COMMERCIAL CODE|Chapter 96 - Default|Section 9622 - Effect of acceptance of collateral

§ 9622. Effect of acceptance of collateral.  (a) Effect of acceptance.--A secured party's acceptance of collateral in full or partial satisfaction of the obligation it secures:  (1) discharges the obligation to the extent consented to by the debtor;  (2) transfers to the secured party all of a debtor's rights in the collateral;  (3) discharges the security interest or agricultural lien which is the subject of the debtor's consent and any subordinate security interest or other subordinate lien; and  (4) terminates any other subordinate interest.  (b) Discharge of subordinate interest notwithstanding noncompliance.--A subordinate interest is discharged or terminated under subsection (a) even if the secured party fails to comply with this division.  Cross References. Section 9622 is referred to in sections 9102, 9602, 9623 of this title.
13 PA Cons Stat § 9623 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 13 - COMMERCIAL CODE|Chapter 96 - Default|Section 9623 - Right to redeem collateral

 § 9623. Right to redeem collateral.   (a) Persons that may redeem.--A debtor, any secondary obligor or any other secured party or lienholder may redeem collateral.  (b) Requirements for redemption.--To redeem collateral, a person shall tender: (1) fulfillment of all obligations secured by the collateral; and (2) the reasonable expenses and attorney fees described in section 9615(a)(1) (relating to application of proceeds).  (c) When redemption may occur.--A redemption may occur at any time before a secured party: (1) has collected collateral under section 9607 (relating to collection and enforcement by secured party); (2) has disposed of collateral or entered into a contract for its disposition under section 9610 (relating to disposition of collateral after default); or (3) has accepted collateral in full or partial satisfaction of the obligation it secures under section 9622 (relating to effect of acceptance of collateral).    Cross References. Section 9623 is referred to in sections 9602, 9614, 9624 of this title; section 6259 of Title 12 (Commerce and Trade).
13 PA Cons Stat § 9624 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 13 - COMMERCIAL CODE|Chapter 96 - Default|Section 9624 - Waiver

 § 9624. Waiver.   (a) Waiver of disposition notification.--A debtor or secondary obligor may waive the right to notification of disposition of collateral under section 9611 (relating to notification before disposition of collateral) only by an agreement to that effect entered into and authenticated after default.  (b) Waiver of mandatory disposition.--A debtor may waive the right to require disposition of collateral under section 9620(e) (relating to mandatory disposition of consumer goods) only by an agreement to that effect entered into and authenticated after default.  (c) Waiver of redemption right.--Except in a consumer-goods transaction, a debtor or secondary obligor may waive the right to redeem collateral under section 9623 (relating to right to redeem collateral) only by an agreement to that effect entered into and authenticated after default.    Cross References. Section 9624 is referred to in sections 9602, 9620 of this title; section 6259 of Title 12 (Commerce and Trade).
13 PA Cons Stat § 9626 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 13 - COMMERCIAL CODE|Chapter 96 - Default|Section 9626 - Action in which deficiency or surplus is in issue

§ 9626. Action in which deficiency or surplus is in issue.  (a) Applicable rules if amount of deficiency or surplus in issue.--In an action arising from a transaction, other than a consumer transaction, in which the amount of a deficiency or surplus is in issue, the following rules apply:  (1) A secured party need not prove compliance with the provisions of this chapter relating to collection, enforcement, disposition or acceptance unless the debtor or a secondary obligor places the secured party's compliance in issue.  (2) If the secured party's compliance is placed in issue, the secured party has the burden of establishing that the collection, enforcement, disposition or acceptance was conducted in accordance with this chapter.  (3) Except as otherwise provided in section 9628  (relating to nonliability and limitation on liability of secured party; liability of secondary obligor), if a secured party fails to prove that the collection, enforcement, disposition or acceptance was conducted in accordance with the provisions of this chapter relating to collection, enforcement, disposition or acceptance, the liability of a debtor or a secondary obligor for a deficiency is limited to an amount by which the sum of the secured obligation, expenses and attorney fees exceeds the greater of:  (i) the proceeds of the collection, enforcement, disposition or acceptance; or  (ii) the amount of proceeds which would have been realized had the noncomplying secured party proceeded in accordance with the provisions of this chapter relating to collection, enforcement, disposition or acceptance.  (4) For purposes of paragraph (3)(ii), the amount of proceeds which would have been realized is equal to the sum of the secured obligation, expenses and attorney fees unless the secured party proves that the amount is less than that sum.  (5) If a deficiency or surplus is calculated under section 9615(f) (relating to calculation of surplus or deficiency in disposition to person related to secured party), the debtor or obligor has the burden of establishing that the amount of proceeds of the disposition is significantly below the range of prices which a complying disposition to a person other than the secured party, a person related to the secured party or a secondary obligor would have brought.  (b) Nonconsumer transactions; no inference.--The limitation of the rules in subsection (a) to transactions other than consumer transactions is intended to leave to the court the determination of the proper rules in consumer transactions. The court may not infer from that limitation the nature of the proper rule in consumer transactions and may continue to apply established approaches.  Cross References. Section 9626 is referred to in sections 9602, 9625 of this title.
13 PA Cons Stat § 9627 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 13 - COMMERCIAL CODE|Chapter 96 - Default|Section 9627 - Determination of whether conduct was commercially reasonable

§ 9627. Determination of whether conduct was commercially  reasonable.  (a) Greater amount obtainable under other circumstances; no preclusion of commercial reasonableness.--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) Dispositions which are commercially reasonable.--A disposition of collateral is made in a commercially reasonable manner if the disposition is made:  (1) in the usual manner on any recognized market;  (2) at the price current in any recognized market at the time of the disposition; or  (3) otherwise in conformity with reasonable commercial practices among dealers in the type of property which was the subject of the disposition.  (c) Approval by court or on behalf of creditors.--A collection, enforcement, disposition or acceptance is commercially reasonable if it has been approved:  (1) in a judicial proceeding;  (2) by a bona fide creditors' committee;  (3) by a representative of creditors; or  (4) by an assignee for the benefit of creditors.  (d) Approval under subsection (c) not necessary; absence of approval has no effect.--Approval under subsection (c) need not be obtained, and lack of approval does not mean that the collection, enforcement, disposition or acceptance is not commercially reasonable.
13 PA Cons Stat § 9628 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 13 - COMMERCIAL CODE|Chapter 96 - Default|Section 9628 - Nonliability and limitation on liability of secured party; liability of secondary obligor

§ 9628. Nonliability and limitation on liability of secured  party; liability of secondary obligor.  (a) Limitation of liability of secured party for noncompliance with division.--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:  (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; and  (2) the secured party's failure to comply with this division does not affect the liability of the person for a deficiency.  (b) Limitation of liability based on status as secured party.--A secured party is not liable because of its status as secured party to any of the following:  (1) A person that is a debtor or obligor unless the secured party knows:  (i) that the person is a debtor or obligor;  (ii) the identity of the person; and  (iii) how to communicate with the person.  (2) A secured party or lienholder that has filed a financing statement against a person unless the secured party knows:  (i) that the person is a debtor; and  (ii) the identity of the person.  (c) Limitation of liability if reasonable belief that transaction not a consumer-goods transaction or consumer transaction.--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:  (1) a debtor's representation concerning the purpose for which collateral was to be used, acquired or held; or  (2) an obligor's representation concerning the purpose for which a secured obligation was incurred.  (d) Limitation of liability for statutory damages.--A secured party is not liable to any person under section 9625(c)(2) (relating to remedies for secured party's failure to comply with division) for its failure to comply with section 9616 (relating to explanation of calculation of surplus or deficiency).  (e) Limitation of multiple liability for statutory damages.--A secured party is not liable under section 9625(c)(2) more than once with respect to any one secured obligation.  Cross References. Section 9628 is referred to in sections 9625, 9626 of this title.
13 PA Cons Stat § 9700 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 13 - COMMERCIAL CODE|Chapter 97 - Transition Provisions|Section 9700 - Definitions

§ 9700. Definitions.  The following words and terms when used in this chapter shall have the meanings given to them in this section:  "Former Division 9." The provisions of this title, other than Division 5 (relating to letters of credit), as in effect before the effective date of Revised Division 9.  "Revised Division 9." The provisions of this title, other than sections 5101 (relating to short title of division) through 5117 (relating to subrogation of issuer, applicant and nominated person), as amended by the Uniform Commercial Code Modernization Act of 2001 and as they may be further amended.
13 PA Cons Stat § 9701 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 13 - COMMERCIAL CODE|Chapter 97 - Transition Provisions|Section 9701 - Effective date

§ 9701. Effective date. Revised Division 9 takes effect on July 1, 2001.
13 PA Cons Stat § 9702 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 13 - COMMERCIAL CODE|Chapter 97 - Transition Provisions|Section 9702 - Savings clause

§ 9702. Savings clause.  (a) Pre-effective-date transactions or liens.--Except as otherwise provided in this chapter, Revised Division 9 applies to a transaction or lien within its scope even if the transaction or lien was entered into or created before the effective date of Revised Division 9.  (b) Continuing validity.--Except as otherwise provided in subsection (c) and sections 9703 (relating to security interest perfected before effective date) through 9709 (relating to priority) of Revised Division 9:  (1) transactions and liens which were not governed by Former Division 9, were validly entered into or created before the effective date of Revised Division 9 and would be subject to Revised Division 9 if they had been entered into or created after the effective date of Revised Division 9 and the rights, duties and interests flowing from those transactions and liens remain valid after the effective date of Revised Division 9; and  (2) transactions and liens may be terminated, completed, consummated and enforced as required or permitted by Revised Division 9 or by the law which otherwise would apply if Revised Division 9 had not taken effect.  (c) Pre-effective-date proceedings.--Revised Division 9 does not affect an action, case or proceeding commenced before the effective date of Revised Division 9.
13 PA Cons Stat § 9703 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 13 - COMMERCIAL CODE|Chapter 97 - Transition Provisions|Section 9703 - Security interest perfected before effective date

§ 9703. Security interest perfected before effective date.  (a) Continuing priority over lien creditor: perfection requirements satisfied.--A security interest which is enforceable immediately before the effective date of Revised Division 9 and would have priority over the rights of a person that becomes a lien creditor at that time is a perfected security interest under Revised Division 9 if, when Revised Division 9 takes effect, the applicable requirements for enforceability and perfection under Revised Division 9 are satisfied without further action.  (b) Continuing priority over lien creditor: perfection requirements not satisfied.--Except as otherwise provided in section 9705 of Revised Division 9 (relating to effectiveness of action taken before effective date), if, immediately before Revised Division 9 takes effect, 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 Revised Division 9 are not satisfied when Revised Division 9 takes effect, the security interest:  (1) is a perfected security interest for one year after Revised Division 9 takes effect;  (2) remains enforceable thereafter only if the security interest becomes enforceable under section 9203 of Revised Division 9 (relating to attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites) before the year expires; and  (3) remains perfected thereafter only if the applicable requirements for perfection under Revised Division 9 are satisfied before the year expires.  Cross References. Section 9703 is referred to in section 9702 of this title.
13 PA Cons Stat § 9704 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 13 - COMMERCIAL CODE|Chapter 97 - Transition Provisions|Section 9704 - Security interest unperfected before effective date

§ 9704. Security interest unperfected before effective date. A security interest which is enforceable immediately before Revised Division 9 takes effect but which would be subordinate to the rights of a person that becomes a lien creditor at that time:  (1) Remains an enforceable security interest for one year after Revised Division 9 takes effect.  (2) Remains enforceable thereafter if the security interest becomes enforceable under section 9203 of Revised Division 9 (relating to attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites) when Revised Division 9 takes effect or within one year thereafter.  (3) Becomes perfected:  (i) without further action when Revised Division 9 takes effect if the applicable requirements for perfection under Revised Division 9 are satisfied before or at that time; or  (ii) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.  Cross References. Section 9704 is referred to in section 9702 of this title.
13 PA Cons Stat § 9706 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 13 - COMMERCIAL CODE|Chapter 97 - Transition Provisions|Section 9706 - When initial financing statement suffices to continue effectiveness of financing statement

§ 9706. When initial financing statement suffices to continue  effectiveness of financing statement.  (a) Initial financing statement in lieu of continuation statement.--The filing of an initial financing statement in the office specified in section 9501 of Revised Division 9 (relating to filing office) continues the effectiveness of a financing statement filed before Revised Division 9 takes effect if:  (1) the filing of an initial financing statement in that office would be effective to perfect a security interest under Revised Division 9;  (2) the pre-effective-date financing statement was filed in an office in another state or another office in this Commonwealth;  (3) the initial financing statement satisfies subsection  (c); and  (4) with respect to a pre-effective-date financing statement which, but for section 9705(c)(2) (relating to effectiveness of action taken before effective date), would cease to be effective after June 30, 2006, the initial financing statement is filed:  (i) after December 29, 2005; and  (ii) before July 1, 2006.  (b) Period of continued effectiveness.--The filing of an initial financing statement under subsection (a) continues the effectiveness of the pre-effective-date financing statement:  (1) if the initial financing statement is filed before Revised Division 9 takes effect, for the period provided in section 9403 of Former Division 9 (relating to what constitutes filing; duration of filing; effect of lapsed filing; duties of filing officer) with respect to a financing statement; and  (2) if the initial financing statement is filed after Revised Division 9 takes effect, for the period provided in section 9515 of Revised Division 9 (relating to duration and effectiveness of financing statement; effect of lapsed financing statement) with respect to an initial financing statement.  (c) Requirements for initial financing statement under subsection (a).--To be effective for purposes of subsection (a), an initial financing statement must:  (1) satisfy the requirements of Chapter 95 of Revised Division 9 (relating to filing) for an initial financing statement;  (2) identify the pre-effective-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; and  (3) indicate that the pre-effective-date financing statement remains effective. (June 30, 2006, P.L.290, No.64, eff. imd.)  2006 Amendment. Act 64 amended subsec. (a). Section 2 of Act 64 provided that nothing in the amendment of subsec. (a) shall render ineffective a continuation statement that was filed prior to the effective date of section 2.  Cross References. Section 9706 is referred to in sections 9702, 9705, 9707 of this title.
13 PA Cons Stat § 9708 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 13 - COMMERCIAL CODE|Chapter 97 - Transition Provisions|Section 9708 - Persons entitled to file initial financing statement or continuation statement

§ 9708. Persons entitled to file initial financing statement or  continuation statement. A person may file an initial financing statement or a continuation statement under this chapter if all of the following paragraphs apply:  (1) The secured party of record authorizes the filing.  (2) The filing is necessary under this chapter:  (i) to continue the effectiveness of a financing statement filed before Revised Division 9 takes effect; or  (ii) to perfect or continue the perfection of a security interest.  Cross References. Section 9708 is referred to in section 9702 of this title.
13 PA Cons Stat § 9709 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 13 - COMMERCIAL CODE|Chapter 97 - Transition Provisions|Section 9709 - Priority

§ 9709. Priority.  (a) Law governing priority.--Revised Division 9 determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before Revised Division 9 takes effect, Former Division 9 determines priority.  (b) Priority if security interest becomes enforceable under section 9203 of Revised Division 9.--For purposes of section 9322(a) of Revised Division 9 (relating to general priority rules), the priority of a security interest which becomes enforceable under section 9203 of Revised Division 9 (relating to attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites) dates from the time Revised Division 9 takes effect if the security interest is perfected under Revised Division 9 by the filing of a financing statement before Revised Division 9 takes effect which financing statement would not have been effective to perfect the security interest under Former Division 9. This subsection does not apply to conflicting security interests each of which is perfected by the filing of such a financing statement.  Cross References. Section 9709 is referred to in section 9702 of this title.