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§12A-9-208.


§12A-9-208.
   
   (1) A debtor may sign a statement indicating what he believes to be
   the aggregate amount of unpaid indebtedness as of a specified date and
   may send it to the secured party with a request that the statement be
   approved or corrected and returned to the debtor. When the security
   agreement or any other record kept by the secured party identifies the
   collateral a debtor may similarly request the secured party to approve
   or correct a list of the collateral.
   
   (2) The secured party must comply with such a request within two (2)
   weeks after receipt by sending a written correction or approval. If
   the secured party claims a security interest in all of a particular
   type of collateral owned by the debtor he may indicate that fact in
   his reply and need not approve or correct an itemized list of such
   collateral. If the secured party without reasonable excuse fails to
   comply he is liable for any loss caused to the debtor thereby; and if
   the debtor has properly included in his request a good faith statement
   of the obligation or a list of the collateral or both the secured
   party may claim a security interest only as shown in the statement
   against persons misled by his failure to comply. If he no longer has
   an interest in the obligation or collateral at the time the request is
   received he must disclose the name and address of any successor in
   interest known to him and he is liable for any loss caused to the
   debtor as a result of failure to disclose. A successor in interest is
   not subject to this section until a request is received by him.
   
   (3) A debtor is entitled to such a statement once every six (6) months
   without charge. The secured party may require payment of a charge not
   exceeding Ten Dollars ($10.00) for each additional statement
   furnished.
   

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