Repossessions: 10.9.4 Special Statutory Protections Against Below-Market Resale Prices
If the collateral was sold at a low price to a secured party, a person related to a secured party, or a secondary obligor, revised Article 9 provides a special remedy to the debtor, requiring the creditor to credit the debtor with the proceeds that an arm’s-length complying sale would have produced.570 This protection against low-price repossession sales is discussed in detail in