How to Respond to a Bank’s UCC Article 9 Default Notice in New York Without Triggering an Acceleration Clause
In New York, you can often respond to a UCC Article 9 default notice without triggering acceleration by keeping your communication “without prejudice,” requesting payoff and cure figures, and avoiding any written admission that the full debt is immediately due. Article 9 governs secured creditor remedies after default, but the loan documents control acceleration and […]