Texas Statutes
Subchapter F. Default
Section 9.624. Waiver

Sec. 9.624. WAIVER. (a) A debtor or secondary obligor may waive the right to notification of disposition of collateral under Section 9.611 only by an agreement to that effect entered into and authenticated after default.
(b) A debtor may waive the right to require disposition of collateral under Section 9.620(e) only by an agreement to that effect entered into and authenticated after default.
(c) Except in a consumer-goods transaction, a debtor or secondary obligor may waive the right to redeem collateral under Section 9.623 only by an agreement to that effect entered into and authenticated after default.
Added by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.

<< Previous
Next >>

Structure Texas Statutes

Texas Statutes

Business and Commerce Code

Title 1 - Uniform Commercial Code

Chapter 9 - Secured Transactions

Subchapter F. Default

Section 9.601. Rights After Default; Judicial Enforcement; Consignor or Buyer of Accounts, Chattel Paper, Payment Intangibles, or Promissory Notes

Section 9.602. Waiver and Variance of Rights and Duties

Section 9.603. Agreement on Standards Concerning Rights and Duties

Section 9.604. Procedure if Security Agreement Covers Real Property or Fixtures

Section 9.605. Unknown Debtor or Secondary Obligor

Section 9.606. Time of Default for Agricultural Lien

Section 9.607. Collection and Enforcement by Secured Party

Section 9.608. Application of Proceeds of Collection or Enforcement; Liability for Deficiency and Right to Surplus

Section 9.609. Secured Party's Right to Take Possession After Default

Section 9.610. Disposition of Collateral After Default

Section 9.611. Notification Before Disposition of Collateral

Section 9.612. Timeliness of Notification Before Disposition of Collateral

Section 9.613. Contents and Form of Notification Before Disposition of Collateral: General

Section 9.614. Contents and Form of Notification Before Disposition of Collateral: Consumer-Goods Transaction

Section 9.615. Application of Proceeds of Disposition; Liability for Deficiency and Right to Surplus

Section 9.616. Explanation of Calculation of Surplus or Deficiency

Section 9.617. Rights of Transferee of Collateral

Section 9.618. Rights and Duties of Certain Secondary Obligors

Section 9.619. Transfer of Record or Legal Title

Section 9.620. Acceptance of Collateral in Full or Partial Satisfaction of Obligation; Compulsory Disposition of Collateral

Section 9.621. Notification of Proposal to Accept Collateral

Section 9.622. Effect of Acceptance of Collateral

Section 9.623. Right to Redeem Collateral

Section 9.624. Waiver

Section 9.625. Remedies for Secured Party's Failure to Comply With Chapter

Section 9.626. Action in Which Deficiency or Surplus Is in Issue

Section 9.627. Determination of Whether Conduct Was Commercially Reasonable

Section 9.628. Nonliability and Limitation on Liability of Secured Party; Liability of Secondary Obligor