Title 11, Chapter 9, Section 625
Remedies for secured party's failure to comply with article.
(a) Judicial orders concerning noncompliance. If it is established
that a secured party is not proceeding in accordance with this
article, a court may order or restrain collection, enforcement, or
disposition of collateral on appropriate terms and conditions.
(b) Damages for noncompliance. Subject to subsections (c), (d), and
(f) of this Code section, a person is liable for damages in the
amount of any loss caused by a failure to comply with this article.
Loss caused by a failure to comply may include loss resulting from
the debtor's inability to obtain, or increased costs of, alternative
(c) Persons entitled to recover damages; statutory damages in consumer goods transaction. Except as otherwise provided in Code Section 11-9-628:
(1) A person that, at the time of the failure, was a debtor, was
an obligor, or held a security interest in or other lien on the
collateral may recover damages under subsection (b) of this Code
section for its loss; and
(2) If the collateral is consumer goods, a person that was a
debtor or a secondary obligor at the time a secured party failed
to comply with this part may recover for that failure in any event
an amount not less than the credit service charge plus 10 percent
of the principal amount of the obligation or the time price
differential plus 10 percent of the cash price.
(d) Recovery when deficiency eliminated or reduced. A debtor whose deficiency is eliminated under Code Section 11-9-626 may recover damages for the loss of any surplus. However, a debtor or secondary obligor whose deficiency is eliminated or reduced under Code Section 11-9-626 may not otherwise recover under subsection (b) of this Code section for noncompliance with the provisions of this part relating to collection, enforcement, disposition, or acceptance.
(e) Statutory damages; noncompliance with specified provisions. In
addition to any damages recoverable under subsection (b) of this
Code section, the debtor, consumer obligor, or person named as a
debtor in a filed record, as applicable, may recover $250.00 in each
case from a person that:
(1) Fails to comply with Code Section 11-9-208;
(2) Fails to comply with Code Section 11-9-209;
(3) Files a record that the person is not entitled to file under subsection (a) of Code Section 11-9-509;
(4) Fails to cause the secured party of record to file or send a termination statement as required by subsection (a) or (c) of Code Section 11-9-513;
(5) Fails to comply with paragraph (1) of subsection (b) of Code Section 11-9-616 and whose failure is part of a pattern, or consistent with a practice, of noncompliance; or (6) Fails to comply with paragraph (2) of subsection (b) of Code Section 11-9-616.
(f) Statutory damages; noncompliance with Code Section 11-9-210. A debtor or consumer obligor may recover damages under subsection (b) of this Code section and, in addition, $250.00 in each case from a person that, without reasonable cause, fails to comply with a request under Code Section 11-9-210. A recipient of a request under Code Section 11-9-210 which never claimed an interest in the collateral or obligations that are the subject of a request under that Code section has a reasonable excuse for failure to comply with the request within the meaning of this subsection.
(g) Limitation of security interest; noncompliance with Code Section 11-9-210. If a secured party fails to comply with a request regarding a list of collateral or a statement of account under Code Section 11-9-210, the secured party may claim a security interest only as shown in the list or statement included in the request as against a person that is reasonably misled by the failure.