Article 1650. Notification to debtor by security provider

(1) The security provider is required:
a) to notify the debtor immediately if a demand for performance is received and to state whether or not, in the view of the security provider, performance falls to be made;
b) to notify the debtor immediately if performance has been made in accordance with a demand; and
c) to notify the debtor immediately if performance has been refused notwithstanding a demand and to state the reasons for the refusal.

(2) If the security provider fails to comply with the requirements in para. (1), the security provider’s rights against the debtor under Article 1657 are reduced by the extent necessary to prevent loss to the debtor as a result of such failure.