(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.) |