reglab/statecodes huggingface dataset:
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-339 - Priority subject to subordination.

RCW 62A.9A-339
Priority subject to subordination.
This Article does not preclude subordination by agreement by a person entitled to priority.
[2000 c 250 § 9A-339.]
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-340 - Effectiveness of right of recoupment or set-off against deposit account.

RCW 62A.9A-340
Effectiveness of right of recoupment or set-off against deposit account.
(a) Exercise of recoupment or set-off. Except as otherwise provided in subsection (c) of this section, a bank with which a deposit account is maintained may exercise any right of recoupment or set-off against a secured party that holds a security interest in the deposit account.
(b) Recoupment or set-off not affected by security interest. Except as otherwise provided in subsection (c) of this section, the application of this Article to a security interest in a deposit account does not affect a right of recoupment or set-off of the secured party as to a deposit account maintained with the secured party.
(c) When set-off ineffective. The exercise by a bank of a set-off against a deposit account is ineffective against a secured party that holds a security interest in the deposit account which is perfected by control under RCW 62A.9A-104(a)(3), if the set-off is based on a claim against the debtor.
[2000 c 250 § 9A-340.]
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-341 - Bank's rights and duties with respect to deposit account.

RCW 62A.9A-341
Bank's rights and duties with respect to deposit account. (Effective until January 1, 2024.)
Except as otherwise provided in RCW 62A.9A-340(c), and unless the bank otherwise agrees in an authenticated record, a bank's rights and duties with respect to a deposit account maintained with the bank are not terminated, suspended, or modified by:
(1) The creation, attachment, or perfection of a security interest in the deposit account;
(2) The bank's knowledge of the security interest; or
(3) The bank's receipt of instructions from the secured party.
[2000 c 250 § 9A-341.]
Except as otherwise provided in RCW 62A.9A-340(c), and unless the bank otherwise agrees in a signed record, a bank's rights and duties with respect to a deposit account maintained with the bank are not terminated, suspended, or modified by:
(1) The creation, attachment, or perfection of a security interest in the deposit account;
(2) The bank's knowledge of the security interest; or
(3) The bank's receipt of instructions from the secured party.
[ 2023 c 266 § 932; 2000 c 250 § 9A-341.]
NOTES:
Construction—Effective date—2023 c 266: See notes following RCW 62A.12-101.
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-342 - Bank's right to refuse to enter into or disclose existence of control agreement.

RCW 62A.9A-342
Bank's right to refuse to enter into or disclose existence of control agreement.
This Article does not require a bank to enter into an agreement of the kind described in RCW 62A.9A-104(a)(2), even if its customer so requests or directs. A bank that has entered into such an agreement is not required to confirm the existence of the agreement to another person unless requested to do so by its customer.
[2000 c 250 § 9A-342.]
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-401 - Alienability of debtor's rights.

RCW 62A.9A-401
Alienability of debtor's rights.
(a) Other law governs alienability; exceptions. Except as otherwise provided in subsection (b) of this section and RCW 62A.9A-406, 62A.9A-407, 62A.9A-408, and 62A.9A-409, whether a debtor's rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this Article.
(b) Agreement does not prevent transfer. An agreement between the debtor and secured party which prohibits a transfer of the debtor's rights in collateral or makes the transfer a default does not prevent the transfer from taking effect.
[2000 c 250 § 9A-401.]
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-402 - Secured party not obligated on contract of debtor or in tort.

RCW 62A.9A-402
Secured party not obligated on contract of debtor or in tort.
The existence of a security interest, agricultural lien, or authority given to a debtor to dispose of or use collateral, without more, does not subject a secured party to liability in contract or tort for the debtor's acts or omissions.
[2000 c 250 § 9A-402.]
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-403 - Agreement not to assert defenses against assignee.

RCW 62A.9A-403
Agreement not to assert defenses against assignee.
(a) "Value." In this section, "value" has the meaning provided in RCW 62A.3-303(a).
(b) Agreement not to assert claim or defense. Except as otherwise provided in this section, an agreement between an account debtor and an assignor not to assert against an assignee any claim or defense that the account debtor may have against the assignor is enforceable by an assignee that takes an assignment:
(1) For value;
(2) In good faith;
(3) Without notice of a claim of a property or possessory right to the property assigned; and
(4) Without notice of a defense or claim in recoupment of the type that may be asserted against a person entitled to enforce a negotiable instrument under RCW 62A.3-305(a).
(c) When subsection (b) of this section not applicable. Subsection (b) of this section does not apply to defenses of a type that may be asserted against a holder in due course of a negotiable instrument under RCW 62A.3-305(b).
(d) Omission of required statement in consumer transaction. In a consumer transaction, if a record evidences the account debtor's obligation, law other than this Article requires that the record include a statement to the effect that the rights of an assignee are subject to claims or defenses that the account debtor could assert against the original obligee, and the record does not include such a statement:
(1) The record has the same effect as if the record included such a statement; and
(2) The account debtor may assert against an assignee those claims and defenses that would have been available if the record included such a statement.
(e) Rule for individual under other law. This section is subject to law other than this Article which establishes a different rule for an account debtor who is an individual and who incurred the obligation primarily for personal, family, or household purposes.
(f) Other law not displaced. Except as otherwise provided in subsection (d) of this section, this section does not displace law other than this Article which gives effect to an agreement by an account debtor not to assert a claim or defense against an assignee.
[2000 c 250 § 9A-403.]
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-405 - Modification of assigned contract.

RCW 62A.9A-405
Modification of assigned contract.
(a) Effect of modification on assignee. A modification of or substitution for an assigned contract is effective against an assignee if made in good faith. The assignee acquires corresponding rights under the modified or substituted contract. The assignment may provide that the modification or substitution is a breach of contract by the assignor. This subsection is subject to subsections (b) through (d) of this section.
(b) Applicability of subsection (a) of this section. Subsection (a) of this section applies to the extent that:
(1) The right to payment or a part thereof under an assigned contract has not been fully earned by performance; or
(2) The right to payment or a part thereof has been fully earned by performance and the account debtor has not received notification of the assignment under RCW 62A.9A-406(a).
(c) Rule for individual under other law. This section is subject to law other than this Article which establishes a different rule for an account debtor who is an individual and who incurred the obligation primarily for personal, family, or household purposes.
(d) Inapplicability to health-care-insurance receivable. This section does not apply to an assignment of a health-care-insurance receivable.
[ 2011 c 74 § 716; 2000 c 250 § 9A-405.]
NOTES:
Application—Effective date—2011 c 74: See notes following RCW 62A.9A-102.
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-407 - Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest.

RCW 62A.9A-407
Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest.
(a) Term restricting assignment generally ineffective. Except as otherwise provided in subsection (b) of this section, a term in a lease agreement is ineffective to the extent that it:
(1) Prohibits, restricts, or requires the consent of a party to the lease to the assignment or transfer of, or the creation, attachment, perfection, or enforcement of a security interest in, an interest of a party under the lease contract or in the lessor's residual interest in the goods; or
(2) Provides that the assignment or transfer or the creation, attachment, perfection, or enforcement of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination, or remedy under the lease.
(b) Effectiveness of certain terms. Except as otherwise provided in RCW 62A.2A-303(7), a term described in subsection (a)(2) of this section is effective to the extent that there is:
(1) A transfer by the lessee of the lessee's right of possession or use of the goods in violation of the term; or
(2) A delegation of a material performance of either party to the lease contract in violation of the term.
(c) Security interest not material impairment. The creation, attachment, perfection, or enforcement of a security interest in the lessor's interest under the lease contract or the lessor's residual interest in the goods is not a transfer that materially impairs the lessee's prospect of obtaining return performance or materially changes the duty of or materially increases the burden or risk imposed on the lessee within the purview of RCW 62A.2A-303(4) unless, and then only to the extent that, enforcement actually results in a delegation of material performance of the lessor.
[ 2001 c 32 § 35; 2000 c 250 § 9A-407.]
NOTES:
Effective date—2001 c 32: See note following RCW 62A.9A-102.
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-409 - Restrictions on assignment of letter-of-credit rights ineffective.

RCW 62A.9A-409
Restrictions on assignment of letter-of-credit rights ineffective.
(a) Term or law restricting assignment generally ineffective. A term in a letter of credit or a rule of law, statute, regulation, custom, or practice applicable to the letter of credit which prohibits, restricts, or requires the consent of an applicant, issuer, or nominated person to a beneficiary's assignment of or creation of a security interest in a letter-of-credit right is ineffective to the extent that the term or rule of law, statute, regulation, custom, or practice:
(1) Would impair the creation, attachment, or perfection of a security interest in the letter-of-credit right; or
(2) Provides that the assignment or the creation, attachment, or perfection of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination, or remedy under the letter-of-credit right.
(b) Limitation on ineffectiveness under subsection (a) of this section. To the extent that a term in a letter of credit is ineffective under subsection (a) of this section but would be effective under law other than this Article or a custom or practice applicable to the letter of credit, to the transfer of a right to draw or otherwise demand performance under the letter of credit, or to the assignment of a right to proceeds of the letter of credit, the creation, attachment, or perfection of a security interest in the letter-of-credit right:
(1) Is not enforceable against the applicant, issuer, nominated person, or transferee beneficiary;
(2) Imposes no duties or obligations on the applicant, issuer, nominated person, or transferee beneficiary; and
(3) Does not require the applicant, issuer, nominated person, or transferee beneficiary to recognize the security interest, pay or render performance to the secured party, or accept payment or other performance from the secured party.
[2000 c 250 § 9A-409.]
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-501 - Filing office.

RCW 62A.9A-501
Filing office.
(a) Filing offices. Except as otherwise provided in subsection (b) of this section, if the local law of this state governs perfection of a security interest or agricultural lien, the office in which to file a financing statement to perfect the security interest or agricultural lien is:
(1) The office designated for the filing or recording of a record of a mortgage on the related real property, if:
(A) The collateral is as-extracted collateral or timber to be cut; or
(B) The financing statement is filed as a fixture filing and the collateral is goods that are or are to become fixtures; or
(2) The department of licensing, in all other cases, including a case in which the collateral is goods that are or are to become fixtures and the financing statement is not filed as a fixture filing.
(b) Filing office for transmitting utilities. The office in which to file a financing statement to perfect a security interest in collateral, including fixtures, of a transmitting utility is the department of licensing. The financing statement also constitutes a fixture filing as to the collateral indicated in the financing statement which is or is to become fixtures.
[2000 c 250 § 9A-501.]
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-502 - Contents of financing statement; record of mortgage as financing statement; time of filing financing statement.

RCW 62A.9A-502
Contents of financing statement; record of mortgage as financing statement; time of filing financing statement.
(a) Sufficiency of financing statement. Subject to subsection (b) of this section, a financing statement is sufficient only if it:
(1) Provides the name of the debtor;
(2) Provides the name of the secured party or a representative of the secured party; and
(3) Indicates the collateral covered by the financing statement.
(b) Real-property-related financing statements. Except as otherwise provided in RCW 62A.9A-501(b), to be sufficient, a financing statement that covers as-extracted collateral or timber to be cut, or which is filed as a fixture filing and covers goods that are or are to become fixtures, must satisfy subsection (a) of this section and also:
(1) Indicate that it covers this type of collateral;
(2) Indicate that it is to be filed for record in the real property records;
(3) Provide a description of the real property to which the collateral is related sufficient to give constructive notice of a mortgage under the law of this state if the description were contained in a record of the mortgage of the real property; and
(4) If the debtor does not have an interest of record in the real property, provide the name of a record owner.
(c) Record of mortgage as financing statement. A record of a mortgage is effective, from the date of recording, as a financing statement filed as a fixture filing or as a financing statement covering as-extracted collateral or timber to be cut only if:
(1) The record indicates the goods or accounts that it covers;
(2) The goods are or are to become fixtures related to the real property described in the record or the collateral is related to the real property described in the record and is as-extracted collateral or timber to be cut;
(3) The record satisfies the requirements for a financing statement in this section, but:
(A) The record need not indicate that it is to be filed in the real property records; and
(B) The record sufficiently provides the name of a debtor who is an individual if it provides the individual name of the debtor or the surname and first personal name of the debtor, even if the debtor is an individual to whom RCW 62A.9A-503(a)(4) applies; and
(4) The record is recorded.
(d) Filing before security agreement or attachment. A financing statement may be filed before a security agreement is made or a security interest otherwise attaches.
[ 2013 c 118 § 33; 2000 c 250 § 9A-502.]
NOTES:
Effective date—2013 c 118 §§ 33 and 34: "Sections 33 and 34 of this act are necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and take effect July 1, 2013." [ 2013 c 118 § 36.]
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-504 - Indication of collateral.

RCW 62A.9A-504
Indication of collateral.
A financing statement sufficiently indicates the collateral that it covers if the financing statement provides:
(1) A description of the collateral pursuant to RCW 62A.9A-108; or
(2) An indication that the financing statement covers all assets or all personal property.
[2000 c 250 § 9A-504.]
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-505 - Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions.

RCW 62A.9A-505
Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions.
(a) Use of terms other than "debtor" and "secured party." A consignor, lessor, or other bailor of goods, a licensor, or a buyer of a payment intangible or promissory note may file a financing statement, or may comply with a statute or treaty described in RCW 62A.9A-311(a), using the terms "consignor," "consignee," "lessor," "lessee," "bailor," "bailee," "licensor," "licensee," "owner," "registered owner," "buyer," "seller," or words of similar import, instead of the terms "secured party" and "debtor."
(b) Effect of financing statement under subsection (a) of this section. This part applies to the filing of a financing statement under subsection (a) of this section and, as appropriate, to compliance that is equivalent to filing a financing statement under RCW 62A.9A-311(b), but the filing or compliance is not of itself a factor in determining whether the collateral secures an obligation. If it is determined for another reason that the collateral secures an obligation, a security interest held by the consignor, lessor, bailor, licensor, owner, or buyer which attaches to the collateral is perfected by the filing or compliance.
[ 2011 c 74 § 717; 2000 c 250 § 9A-505.]
NOTES:
Application—Effective date—2011 c 74: See notes following RCW 62A.9A-102.
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-506 - Effect of errors or omissions.

RCW 62A.9A-506
Effect of errors or omissions.
(a) Minor errors and omissions. A financing statement substantially satisfying the requirements of this part is effective, even if it has minor errors or omissions, unless the errors or omissions make the financing statement seriously misleading.
(b) Financing statement seriously misleading. Except as otherwise provided in subsection (c) of this section, a financing statement that fails sufficiently to provide the name of the debtor in accordance with RCW 62A.9A-503(a) is seriously misleading.
(c) Financing statement not seriously misleading. If a search of the records of the filing office under the debtor's correct name, using the filing office's standard search logic, if any, would disclose a financing statement that fails sufficiently to provide the name of the debtor in accordance with RCW 62A.9A-503(a), the name provided does not make the financing statement seriously misleading.
(d) "Debtor's correct name." For purposes of RCW 62A.9A-508(b), the "debtor's correct name" in subsection (c) of this section means the correct name of the new debtor.
[ 2011 c 74 § 718; 2000 c 250 § 9A-506.]
NOTES:
Application—Effective date—2011 c 74: See notes following RCW 62A.9A-102.
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-507 - Effect of certain events on effectiveness of financing statement.

RCW 62A.9A-507
Effect of certain events on effectiveness of financing statement.
(a) Disposition. A filed financing statement remains effective with respect to collateral that is sold, exchanged, leased, licensed, or otherwise disposed of and in which a security interest or agricultural lien continues, even if the secured party knows of or consents to the disposition.
(b) Information becoming seriously misleading. Except as otherwise provided in subsection (c) of this section and RCW 62A.9A-508, a financing statement is not rendered ineffective if, after the financing statement is filed, the information provided in the financing statement becomes seriously misleading under RCW 62A.9A-506.
(c) Change in debtor's name. If the name that a filed financing statement provides for a debtor becomes insufficient as the name of the debtor under RCW 62A.9A-503(a) so that the financing statement becomes seriously misleading under RCW 62A.9A-506:
(1) The financing statement is effective to perfect a security interest in collateral acquired by the debtor before, or within four months after, the filed financing statement becomes seriously misleading; and
(2) The financing statement is not effective to perfect a security interest in collateral acquired by the debtor more than four months after the filed financing statement becomes seriously misleading, unless an amendment to the financing statement which renders the financing statement not seriously misleading is filed within four months after the filed financing statement becomes seriously misleading.
[ 2011 c 74 § 402; 2000 c 250 § 9A-507.]
NOTES:
Application—Effective date—2011 c 74: See notes following RCW 62A.9A-102.
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-508 - Effectiveness of financing statement if new debtor becomes bound by security agreement.

RCW 62A.9A-508
Effectiveness of financing statement if new debtor becomes bound by security agreement.
(a) Financing statement naming original debtor. Except as otherwise provided in this section, a filed financing statement naming an original debtor is effective to perfect a security interest in collateral in which a new debtor has or acquires rights to the extent that the financing statement would have been effective had the original debtor acquired rights in the collateral.
(b) Financing statement becoming seriously misleading. If the difference between the name of the original debtor and that of the new debtor causes a filed financing statement that is effective under subsection (a) of this section to be seriously misleading under RCW 62A.9A-506:
(1) The financing statement is effective to perfect a security interest in collateral acquired by the new debtor before, and within four months after, the new debtor becomes bound under RCW 62A.9A-203(d); and
(2) The financing statement is not effective to perfect a security interest in collateral acquired by the new debtor more than four months after the new debtor becomes bound under RCW 62A.9A-203(d) unless an initial financing statement providing the name of the new debtor is filed before the expiration of that time.
(c) When section not applicable. This section does not apply to collateral as to which a filed financing statement remains effective against the new debtor under RCW 62A.9A-507(a).
[ 2011 c 74 § 719; 2000 c 250 § 9A-508.]
NOTES:
Application—Effective date—2011 c 74: See notes following RCW 62A.9A-102.
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-510 - Effectiveness of filed record.

RCW 62A.9A-510
Effectiveness of filed record.
(a) Filed record effective if authorized. A filed record is effective only to the extent that it was filed by a person that may file it under RCW 62A.9A-509.
(b) Authorization by one secured party of record. A record authorized by one secured party of record does not affect the financing statement with respect to another secured party of record.
(c) Continuation statement not timely filed. A continuation statement that is not filed within the six-month period prescribed by RCW 62A.9A-515(d) is ineffective.
[ 2011 c 74 § 720; 2000 c 250 § 9A-510.]
NOTES:
Application—Effective date—2011 c 74: See notes following RCW 62A.9A-102.
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-511 - Secured party of record.

RCW 62A.9A-511
Secured party of record.
(a) Secured party of record. A secured party of record with respect to a financing statement is a person whose name is provided as the name of the secured party or a representative of the secured party in an initial financing statement that has been filed. If an initial financing statement is filed under RCW 62A.9A-514(a), the assignee named in the initial financing statement is the secured party of record with respect to the financing statement.
(b) Amendment naming secured party of record. If an amendment of a financing statement which provides the name of a person as a secured party or a representative of a secured party is filed, the person named in the amendment is a secured party of record. If an amendment is filed under RCW 62A.9A-514(b), the assignee named in the amendment is a secured party of record.
(c) Amendment deleting secured party of record. A person remains a secured party of record until the filing of an amendment of the financing statement which deletes the person.
[2000 c 250 § 9A-511.]
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-512 - Amendment of financing statement.

RCW 62A.9A-512
Amendment of financing statement.
(a) Amendment of information in financing statement. Subject to RCW 62A.9A-509, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or, subject to subsection (e) of this section, otherwise amend the information provided in, a financing statement by filing an amendment that:
(1) Identifies, by its file number, the initial financing statement to which the amendment relates; and
(2) If the amendment relates to an initial financing statement filed or recorded in a filing office described in RCW 62A.9A-501(a)(1), provides the information specified in RCW 62A.9A-502(b).
(b) Period of effectiveness not affected. Except as otherwise provided in RCW 62A.9A-515, the filing of an amendment does not extend the period of effectiveness of the financing statement.
(c) Effectiveness of amendment adding collateral. A financing statement that is amended by an amendment that adds collateral is effective as to the added collateral only from the date of the filing of the amendment.
(d) Effectiveness of amendment adding debtor. A financing statement that is amended by an amendment that adds a debtor is effective as to the added debtor only from the date of the filing of the amendment.
(e) Certain amendments ineffective. An amendment is ineffective to the extent it:
(1) Purports to delete all debtors and fails to provide the name of a debtor to be covered by the financing statement; or
(2) Purports to delete all secured parties of record and fails to provide the name of a new secured party of record.
[2000 c 250 § 9A-512.]
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-514 - Assignment of powers of secured party of record.

RCW 62A.9A-514
Assignment of powers of secured party of record.
(a) Assignment reflected on initial financing statement. Except as otherwise provided in subsection (c) of this section, an initial financing statement may reflect an assignment of all of the secured party's power to authorize an amendment to the financing statement by providing the name and mailing address of the assignee as the name and address of the secured party.
(b) Assignment of filed financing statement. Except as otherwise provided in subsection (c) of this section, a secured party of record may assign of record all or part of its power to authorize an amendment to a financing statement by filing in the filing office an amendment of the financing statement which:
(1) Identifies, by its file number, the initial financing statement to which it relates;
(2) Provides the name of the assignor; and
(3) Provides the name and mailing address of the assignee.
(c) Assignment of record of mortgage. An assignment of record of a security interest in a fixture covered by a record of a mortgage which is effective as a financing statement filed as a fixture filing under RCW 62A.9A-502(c) may be made only by an assignment of record of the mortgage in the manner provided by law of this state other than the Uniform Commercial Code.
[2000 c 250 § 9A-514.]
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-515 - Duration and effectiveness of financing statement; effect of lapsed financing statement.

RCW 62A.9A-515
Duration and effectiveness of financing statement; effect of lapsed financing statement.
(a) Five-year effectiveness. Except as otherwise provided in subsections (b), (e), (f), and (g) of this section, a filed financing statement is effective for a period of five years after the date of filing.
(b) [Reserved]
(c) Lapse and continuation of financing statement. The effectiveness of a filed financing statement lapses on the expiration of the period of its effectiveness unless before the lapse a continuation statement is filed pursuant to subsection (d) of this section. Upon lapse, a financing statement ceases to be effective and any security interest or agricultural lien that was perfected by the financing statement becomes unperfected, unless the security interest is perfected otherwise. If the security interest or agricultural lien becomes unperfected upon lapse, it is deemed never to have been perfected as against a purchaser of the collateral for value.
(d) When continuation statement may be filed. A continuation statement may be filed only within six months before the expiration of the five-year period specified in subsection (a) of this section or the thirty-year period specified in subsection (b) of this section, whichever is applicable.
(e) Effect of filing continuation statement. Except as otherwise provided in RCW 62A.9A-510, upon timely filing of a continuation statement, the effectiveness of the initial financing statement continues for a period of five years commencing on the day on which the financing statement would have become ineffective in the absence of the filing. Upon the expiration of the five-year period, the financing statement lapses in the same manner as provided in subsection (c) of this section, unless, before the lapse, another continuation statement is filed pursuant to subsection (d) of this section. Succeeding continuation statements may be filed in the same manner to continue the effectiveness of the initial financing statement.
(f) Transmitting utility financing statement. If a debtor is a transmitting utility and a filed initial financing statement so indicates, the financing statement is effective until a termination statement is filed.
(g) Record of mortgage as financing statement. A record of a mortgage that is effective as a financing statement filed as a fixture filing under RCW 62A.9A-502(c) remains effective as a financing statement filed as a fixture filing until the mortgage is released or satisfied of record or its effectiveness otherwise terminates as to the real property.
[ 2011 c 74 § 403; 2000 c 250 § 9A-515.]
NOTES:
Application—Effective date—2011 c 74: See notes following RCW 62A.9A-102.
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-517 - Effect of indexing errors.

RCW 62A.9A-517
Effect of indexing errors.
The failure of the filing office to index a record correctly does not affect the effectiveness of the filed record.
[2000 c 250 § 9A-517.]
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-518 - Claim concerning inaccurate or wrongfully filed record.

RCW 62A.9A-518
Claim concerning inaccurate or wrongfully filed record.
(a) Statement with respect to recordindexed under person's name. A person may file in the filing office an information statement with respect to a record indexed there under the person's name if the person believes that the record is inaccurate or was wrongfully filed.
(b) Contents of statement under subsection (a) of this section. An information statement under subsection (a) of this section must:
(1) Identify the record to which it relates by the file number assigned to the initial financing statement to which the record relates;
(2) Indicate that it is an information statement; and
(3) Provide the basis for the person's belief that the record is inaccurate and indicate the manner in which the person believes the record should be amended to cure any inaccuracy or provide the basis for the person's belief that the record was wrongfully filed.
(c) Statement by secured party of record. A person may file in the filing office an information statement with respect to a record filed there if the person is a secured party of record with respect to the financing statement to which the record relates and believes that the person that filed the record was not entitled to do so under RCW 62A.9A-509(d).
(d) Contents of statement under subsection (e) of this section. An information statement under subsection (c) of this section must:
(1) Identify the record to which it relates by the file number assigned to the initial financing statement to which the record relates;
(2) Indicate that it is an information statement; and
(3) Provide the basis for the person's belief that the person that filed the record was not entitled to do so under RCW 62A.9A-509(d).
(e) Record not affected by information statement. The filing of an information statement does not affect the effectiveness of an initial financing statement or other filed record.
[ 2011 c 74 § 405; 2000 c 250 § 9A-518.]
NOTES:
Application—Effective date—2011 c 74: See notes following RCW 62A.9A-102.
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-520 - Acceptance and refusal to accept record.

RCW 62A.9A-520
Acceptance and refusal to accept record.
(a) Mandatory refusal to accept record. The filing office described in RCW 62A.9A-501(a)(2) shall refuse to accept a record for filing for a reason set forth in RCW 62A.9A-516(b). A filing office described in RCW 62A.9A-501(a)(1) shall refuse to accept a record for filing for a reason set forth in RCW 62A.9A-516(b) (1) through (4) and any filing office may refuse to accept a record for filing only for a reason set forth in RCW 62A.9A-516(b).
(b) Communication concerning refusal. If a filing office refuses to accept a record for filing, it shall communicate to the person that presented the record the fact of and reason for the refusal and the date and time the record would have been filed had the filing office accepted it. The communication must be made at the time and in the manner prescribed by filing-office rule but, in the case of a filing office described in RCW 62A.9A-501(a)(2), in no event more than two business days after the filing office receives the record.
(c) When filed financing statement effective. A filed financing statement satisfying RCW 62A.9A-502 (a) and (b) is effective, even if the filing office is required to refuse to accept it for filing under subsection (a) of this section. However, RCW 62A.9A-338 applies to a filed financing statement providing information described in RCW 62A.9A-516(b)(5) which is incorrect at the time the financing statement is filed.
(d) Separate application to multiple debtors. If a record communicated to a filing office provides information that relates to more than one debtor, this part applies as to each debtor separately.
[ 2011 c 74 § 721; 2001 c 32 § 39; 2000 c 250 § 9A-520.]
NOTES:
Application—Effective date—2011 c 74: See notes following RCW 62A.9A-102.
Effective date—2001 c 32: See note following RCW 62A.9A-102.
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-522 - Maintenance and destruction of records.

RCW 62A.9A-522
Maintenance and destruction of records.
(a) Post-lapse maintenance and retrieval of information. The filing office shall maintain a record of the information provided in a filed financing statement for at least one year after the effectiveness of the financing statement has lapsed under RCW 62A.9A-515 with respect to all secured parties of record. The record must be retrievable by using the name of the debtor and by using the file number assigned to the initial financing statement to which the record relates.
(b) Destruction of written records. Except to the extent that a statute governing disposition of public records provides otherwise, the filing office immediately may destroy any written record evidencing a financing statement. However, if the filing office destroys a written record, it shall maintain another record of the financing statement which complies with subsection (a) of this section.
[2000 c 250 § 9A-522.]
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-524 - Delay by filing office.

RCW 62A.9A-524
Delay by filing office.
Delay by the filing office beyond a time limit prescribed by this part is excused if:
(1) The delay is caused by interruption of communication or computer facilities, war, emergency conditions, failure of equipment, or other circumstances beyond control of the filing office; and
(2) The filing office exercises reasonable diligence under the circumstances.
[2000 c 250 § 9A-524.]
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-526 - Filing-office rules.

RCW 62A.9A-526
Filing-office rules.
(a) Adoption of filing-office rules. The department of licensing shall adopt and publish rules to implement this Article. The filing-office rules must be:
(1) Consistent with this Article; and
(2) Adopted and published in accordance with chapter 34.05 RCW.
(b) Harmonization of rules. To keep the filing-office rules and practices of the filing office in harmony with the rules and practices of filing offices in other jurisdictions that enact substantially this part, and to keep the technology used by the filing office compatible with the technology used by filing offices in other jurisdictions that enact substantially this part, the department of licensing, so far as is consistent with the purposes, policies, and provisions of this Article, in adopting, amending, and repealing filing-office rules, shall:
(1) Consult with filing offices in other jurisdictions that enact substantially this part; and
(2) Consult the most recent version of the Model Rules promulgated by the International Association of Corporate Administrators or any successor organization; and
(3) Take into consideration the rules and practices of, and the technology used by, filing offices in other jurisdictions that enact substantially this part.
[2000 c 250 § 9A-526.]
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-527 - Duty to report.

RCW 62A.9A-527
Duty to report.
The department of licensing shall report annually on or before December 31st to the governor on the operation of the filing office.
[2000 c 250 § 9A-527.]
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-602 - Waiver and variance of rights and duties.

RCW 62A.9A-602
Waiver and variance of rights and duties.
Except as otherwise provided in RCW 62A.9A-624, to the extent that they give rights to an obligor (other than a secondary obligor) or a debtor and impose duties on a secured party, the debtor or obligor may not waive or vary the rules stated in the following listed sections:
(1) RCW 62A.9A-207(b)(4)(C), which deals with use and operation of the collateral by the secured party;
(2) RCW 62A.9A-210, which deals with requests for an accounting and requests concerning a list of collateral and statement of account;
(3) RCW 62A.9A-607(c), which deals with collection and enforcement of collateral;
(4) RCW 62A.9A-608(a) and 62A.9A-615(c) to the extent that they deal with application or payment of noncash proceeds of collection, enforcement, or disposition;
(5) RCW 62A.9A-608(a) and 62A.9A-615(d) to the extent that they require accounting for or payment of surplus proceeds of collateral;
(6) RCW 62A.9A-609 to the extent that it imposes upon a secured party that takes possession of collateral without judicial process the duty to do so without breach of the peace;
(7) RCW 62A.9A-610(b), 62A.9A-611, 62A.9A-613, and 62A.9A-614, which deal with disposition of collateral;
(8) [Reserved]
(9) RCW 62A.9A-616, which deals with explanation of the calculation of a surplus or deficiency;
(10) RCW 62A.9A-620, 62A.9A-621, and 62A.9A-622, which deal with acceptance of collateral in satisfaction of obligation;
(11) RCW 62A.9A-623, which deals with redemption of collateral;
(12) RCW 62A.9A-624, which deals with permissible waivers; and
(13) RCW 62A.9A-625 and 62A.9A-626, which deal with the secured party's liability for failure to comply with this Article.
[ 2011 c 74 § 723; 2000 c 250 § 9A-602.]
NOTES:
Application—Effective date—2011 c 74: See notes following RCW 62A.9A-102.
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-603 - Agreement on standards concerning rights and duties.

RCW 62A.9A-603
Agreement on standards concerning rights and duties.
(a) Agreed standards. The parties may determine by agreement the standards measuring the fulfillment of the rights of a debtor or obligor and the duties of a secured party under a rule stated in RCW 62A.9A-602 if the standards are not manifestly unreasonable.
(b) Agreed standards inapplicable to breach of peace. Subsection (a) of this section does not apply to the duty under RCW 62A.9A-609 to refrain from breaching the peace.
[2000 c 250 § 9A-603.]
2023 Revised Code of Washington › Title 62A - Uniform Commercial Code › 62A.9A Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper. › 62A.9A-604 - Procedure if security agreement covers real property, fixtures, or manufactured home.

RCW 62A.9A-604
Procedure if security agreement covers real property, fixtures, or manufactured home.
(a) Enforcement: Personal and real property. If a security agreement covers both personal and real property, a secured party may proceed:
(1) Under this part as to the personal property without prejudicing any rights with respect to the real property; or
(2) As to both the personal property and the real property in accordance with the rights with respect to the real property, in which case the other provisions of this part do not apply.
(b) Enforcement: Fixtures. Subject to subsection (c) of this section, if a security agreement covers goods that are or become fixtures, a secured party may proceed:
(1) Under this part; or
(2) In accordance with the rights with respect to real property, in which case the other provisions of this part do not apply.
(c) Removal of fixtures or manufactured home. Subject to the other provisions of this part, if a secured party holding a security interest in fixtures or a manufactured home has priority over all owners and encumbrancers of the real property, the secured party, after default, may remove the collateral from the real property.
(d) Injury caused by removal. A secured party that removes collateral consisting of fixtures or a manufactured home shall promptly reimburse any encumbrancer or owner of the real property, other than the debtor, for the cost of repair of any physical injury caused by the removal. The secured party need not reimburse the encumbrancer or owner for any diminution in value of the real property caused by the absence of the goods removed or by any necessity of replacing them. A person entitled to reimbursement may refuse permission to remove until the secured party gives adequate assurance for the performance of the obligation to reimburse.
[2000 c 250 § 9A-604.]