A secured party may be liable to a debtor for failing to comply with the debtor's request for confirmation of the amount of the unpaid debt.

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Under Article 9 of the Uniform Commercial Code, a debtor has the right to request confirmation of the amount of the unpaid debt from a secured party. If the secured party fails to comply with this request or provides an incorrect amount, they may be held liable to the debtor.

A Secured Party May Be Liable to a Debtor for Failing