Ask Reggi Your Question Now
Can you summarize NHRS 382-A:9-619?
UNIFORM COMMERCIAL CODE > Transfer of Record or Legal Title.
Short Summary
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the transfer of record or legal title. It defines a ’transfer statement’ as a record signed by a secured party that indicates the debtor’s default, the secured party’s exercise of post-default remedies, the acquisition of the debtor’s rights by a transferee, and the relevant parties’ names and addresses. The transfer statement entitles the transferee to the transfer of record of all rights of the debtor in the specified collateral in any official filing, recording, registration, or certificate-of-title system. The official or office responsible for maintaining the system must accept the transfer statement, promptly amend its records, and issue a new certificate of title if applicable. It is important to note that the transfer of record or legal title does not constitute a disposition of collateral and does not relieve the secured party of its duties under this article.
Whom does it apply to?
Secured parties, debtors, and transferees
What does it govern?
Transfer of Record or Legal Title
What are exemptions?
No exemptions are mentioned
What are the Penalties?
No penalties are mentioned
Jurisdiction
New Hampshire