Unknown debtor or secondary obligor

810 ILCS 5/9-605, under Default And Enforcement Of Security Interest.

810 ILCS 5/9-605

(810 ILCS 5/9-605)     Sec. 9-605. Unknown debtor or secondary obligor.     (a) In general: No duty owed by secured party. Except as provided in subsection (b), a secured party does not owe a duty based on its status as secured party:         (1) to a person that is a debtor or obligor, unless     the secured party knows:            (A) that the person is a debtor or obligor;             (B) the identity of the person; and             (C) how to communicate with the person; or         (2) to a secured party or lienholder that has filed a     financing statement against a person, unless the secured party knows:            (A) that the person is a debtor; and             (B) the identity of the person.     (b) Exception: Secured party owes duty to debtor or obligor. A secured party owes a duty based on its status as a secured party to a person if, at the time the secured party obtains control of collateral that is a controllable account, controllable electronic record, or controllable payment intangible or at the time the security interest attaches to the collateral, whichever is later:         (1) the person is a debtor or obligor; and         (2) the secured party knows that the information in     subsection (a)(1)(A), (B), or (C) relating to the person is not provided by the collateral, a record attached to or logically associated with the collateral, or the system in which the collateral is recorded. (Source: P.A. 103-1036, eff. 1-1-25.)