Secured party not obligated on contract of debtor or in tort.

Mich. Comp. Laws § 440.9402, under UNIFORM COMMERCIAL CODE.

Mich. Comp. Laws § 440.9402

Sec. 9402. The existence of a security interest, agricultural lien, or authority given to a debtor to dispose of or use collateral, without more, does not subject a secured party to liability in contract or tort for the debtor's acts or omissions.