70A-9a-210. Request for accounting -- Request regarding list of collateral or
statement of account.
(1) In this section:
(a) "Request" means a record of a type described in Subsection (1)(b), (c), or (d).
(b) "Request for an accounting" means a record authenticated by a debtor requesting that
the recipient provide an accounting of the unpaid obligations secured by collateral and reasonably
identifying the transaction or relationship that is the subject of the request.
(c) "Request regarding a list of collateral" means a record authenticated by a debtor
requesting that the recipient approve or correct a list of what the debtor believes to be the
collateral securing an obligation and reasonably identifying the transaction or relationship that is
the subject of the request.
(d) "Request regarding a statement of account" means a record authenticated by a debtor
requesting that the recipient approve or correct a statement indicating what the debtor believes to
be the aggregate amount of unpaid obligations secured by collateral as of a specified date and
reasonably identifying the transaction or relationship that is the subject of the request.
(2) Subject to Subsections (3), (4), (5), and (6), a secured party, other than a buyer of
accounts, chattel paper, payment intangibles, or promissory notes or a consignor, shall comply
with a request within 14 days after receipt:
(a) in the case of a request for an accounting, by authenticating and sending to the debtor
an accounting; and
(b) in the case of a request regarding a list of collateral or a request regarding a statement
of account, by authenticating and sending to the debtor an approval or correction.
(3) A secured party that claims a security interest in all of a particular type of collateral
owned by the debtor may comply with a request regarding a list of collateral by sending to the
debtor an authenticated record including a statement to that effect within 14 days after receipt.
(4) A person that receives a request regarding a list of collateral, claims no interest in the
collateral when it receives the request, and claimed an interest in the collateral at an earlier time
shall comply with the request within 14 days after receipt by sending to the debtor an
authenticated record:
(a) disclaiming any interest in the collateral; and
(b) if known to the recipient, providing the name and mailing address of any assignee of
or successor to the recipient's interest in the collateral.
(5) A person that receives a request for an accounting or a request regarding a statement
of account, claims no interest in the obligations when it receives the request, and claimed an
interest in the obligations at an earlier time shall comply with the request within 14 days after
receipt by sending to the debtor an authenticated record:
(a) disclaiming any interest in the obligations; and
(b) if known to the recipient, providing the name and mailing address of any assignee of
or successor to the recipient's interest in the obligations.
(6) A debtor is entitled without charge to one response to a request under this section
during any six-month period. The secured party may require payment of a charge not exceeding
$25 for each additional response.
Enacted by Chapter 252, 2000 General Session
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Last revised: Thursday, May 28, 2009