(a) Waiver of disposition notification. A debtor or secondary obligor may waive the right to notification of disposition of collateral under § 8.9A-611 only by an agreement to that effect entered into and authenticated after default.
(b) Waiver of mandatory disposition. A debtor may waive the right to require disposition of collateral under § 8.9A-620 (e) only by an agreement to that effect entered into and authenticated after default.
(c) Waiver of redemption right. Except in a consumer-goods transaction, a debtor or secondary obligor may waive the right to redeem collateral under § 8.9A-623 only by an agreement to that effect entered into and authenticated after default.
Code 1950, § 55-93; 1964, c. 219, §§ 8.9-504, 8.9-505, 8.9-506; 1964, c. 410, § 8.9-505; 1973, c. 509, §§ 8.9-504, 8.9-505; 2000, c. 1007.
Structure Code of Virginia
Title 8.9A - Commercial Code - Secured Transactions
Part 1 - Default and Enforcement of Security Interest
§ 8.9A-602. Waiver and variance of rights and duties
§ 8.9A-603. Agreement on standards concerning rights and duties
§ 8.9A-604. Procedure if security agreement covers real property or fixtures
§ 8.9A-605. Unknown debtor or secondary obligor
§ 8.9A-606. Time of default for agricultural lien
§ 8.9A-607. Collection and enforcement by secured party
§ 8.9A-609. Secured party's right to take possession after default
§ 8.9A-610. Disposition of collateral after default
§ 8.9A-611. Notification before disposition of collateral
§ 8.9A-612. Timeliness of notification before disposition of collateral
§ 8.9A-613. Contents and form of notification before disposition of collateral; general
§ 8.9A-615. Application of proceeds of disposition; liability for deficiency and right to surplus
§ 8.9A-616. Explanation of calculation of surplus or deficiency
§ 8.9A-617. Rights of transferee of collateral
§ 8.9A-618. Rights and duties of certain secondary obligors
§ 8.9A-619. Transfer of record or legal title
§ 8.9A-621. Notification of proposal to accept collateral
§ 8.9A-622. Effect of acceptance of collateral