Illinois General Assembly - Illinois Compiled Statutes

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810 ILCS 5/9-624

    (810 ILCS 5/9-624)
    (Text of Section before amendment by P.A. 103-1036)
    Sec. 9-624. Waiver.

(a) Waiver of disposition notification.  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) Waiver of mandatory disposition.  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) Waiver of redemption right.
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.

(Source: P.A. 91-893, eff. 7-1-01.)

    (Text of Section after amendment by P.A. 103-1036)
    Sec. 9-624. Waiver.

(a) Waiver of disposition notification. 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 signed after default.

(b) Waiver of mandatory disposition. 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 signed after default.

(c) Waiver of redemption right. 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 signed after default.

(Source: P.A. 103-1036, eff. 1-1-25.)