Ask Reggi Your Question Now
Can you summarize NHRS 382-A:9-210?
UNIFORM COMMERCIAL CODE > Request for Accounting; Request Regarding List of Collateral or Statement of Account.
Short Summary
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs requests for accounting, requests regarding a list of collateral, and requests regarding a statement of account. It defines the terms ‘request,’ ‘request for an accounting,’ ‘request regarding a list of collateral,’ and ‘request regarding a statement of account.’ The document outlines the duty of a secured party, other than specific buyers or consignors, to respond to these requests within 14 days by providing an accounting, approving or correcting a list of collateral, or approving or correcting a statement of account. It also specifies the requirements for compliance in cases where a secured party claims a security interest in all collateral of a particular type owned by the debtor, or when a person receives a request but claims no interest in the collateral or obligations. The document further mentions that a debtor is entitled to one free response to a request within a six-month period, with the secured party having the option to charge up to $25 for each additional response.
Whom does it apply to?
Secured parties, debtors
What does it govern?
Request for Accounting; Request Regarding List of Collateral or Statement of Account
What are exemptions?
Buyers of accounts, chattel paper, payment intangibles, promissory notes, consignors
What are the Penalties?
No penalties mentioned
Jurisdiction
New Hampshire