2015 ORS 79.0624¹
UCC 9-624. Waiver

(1) A debtor or secondary obligor may waive the right to notification of disposition of collateral under ORS 79.0611 (UCC 9-611. Notification before disposition of collateral) only by an agreement to that effect entered into and authenticated after default.

(2) A debtor may waive the right to require disposition of collateral under ORS 79.0620 (UCC 9-620. Acceptance of collateral in full or partial satisfaction of obligation) (5) only by an agreement to that effect entered into and authenticated after default.

(3) Except in a consumer-goods transaction, a debtor or secondary obligor may waive the right to redeem collateral under ORS 79.0623 (UCC 9-623. Right to redeem collateral) only by an agreement to that effect entered into and authenticated after default. [2001 c.445 §122]

Chapter 79

Notes of Decisions

Where creditor with prior perfected secured interest opts not to exercise elective remedies against debtor, creditor maintains security interest and sub­se­quent garnishor takes subject to creditor so that may trace and recapture collateral funds from garnishor. Davis v. F.W. Financial Services, Inc., 260 Or App 191, 317 P3d 916 (2013), Sup Ct review denied


1 Legislative Counsel Committee, CHAPTER 79—Secured Transactions, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors079.­html (2015) (last ac­cessed Jul. 16, 2016).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2015, Chapter 79, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ano079.­html (2015) (last ac­cessed Jul. 16, 2016).
 
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.