(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,
Terms Used In Alaska Statutes 45.29.628
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
(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 chapter; and(2) the secured party’s failure to comply with this chapter 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
(1) to a person who is a debtor or obligor unless the secured party knows
(A) that the person is a debtor or obligor;(B) the identity of the person; and(C) how to communicate with the person; or(2) to a secured party or lienholder that has filed a financing statement against a person unless the secured party knows
(A) that the person is a debtor; and(B) the identity of the person.(c) A secured party is not liable to a person, and a person’s liability for a deficiency is not affected, because of an 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) A secured party is not liable to a person under Alaska Stat. § 45.29.625(c)(2) for its failure to comply with Alaska Stat. § 45.29.616.(e) A secured party is not liable under Alaska Stat. § 45.29.625(c)(2) more than once with respect to any one secured obligation.
