(a) Waiver of disposition notification. A debtor or secondary obligor may waive the right to notification of disposition of collateral under Section 7-9A-611 only by an agreement to that effect entered into and authenticated after default.
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Terms Used In Alabama Code 7-9A-624

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(b) Waiver of mandatory disposition. A debtor may waive the right to require disposition of collateral under Section obligation; compulsory disposition of collateral” class=”unlinked-ref” datatype=”S” sessionyear=”2023″ statecd=”AL” title=”7″>7-9A-620(e) only by an agreement to that effect entered into and authenticated after default.
(c) Waiver of redemption right. Except in a consumer-goods transaction, a debtor or secondary obligor may waive the right to redeem collateral under Section 7-9A-623 only by an agreement to that effect entered into and authenticated after default.
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