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Session Laws, 1999
Volume 796, Page 2126   View pdf image
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(5) THE FOLLOWING FORM OF NOTIFICATION AND THE FORM
APPEARING IN § 9-614(3), WHEN COMPLETED, EACH PROVIDES SUFFICIENT
INFORMATION:

NOTIFICATION OF DISPOSITION OF COLLATERAL

TO: (NAME OF DEBTOR, OBLIGOR, OR OTHER PERSON TO WHICH THE
NOTIFICATION IS SENT)

FROM: (NAME, ADDRESS, AND TELEPHONE NUMBER OF SECURED PARTY)

NAME OF DEBTOR(S): (INCLUDE ONLY IF DEBTOR(S) IS NOT AN ADDRESSEE)

(FOR A PUBLIC DISPOSITION:)

WE WILL SELL (OR LEASE OR LICENSE, AS APPLICABLE) THE (DESCRIBE
COLLATERAL) (TO THE HIGHEST QUALIFIED BIDDER) IN PUBLIC AS FOLLOWS:

DAY AND DATE:

TIME:

PLACE:

(FOR A PRIVATE DISPOSITION:)

WE WILL SELL (OR LEASE OR LICENSE, AS APPLICABLE) THE (DESCRIBE
COLLATERAL) PRIVATELY SOME TIME AFTER (DAY AND DATE).

YOU ARE ENTITLED TO AN ACCOUNTING OF THE UNPAID INDEBTEDNESS
SECURED BY THE PROPERTY THAT WE INTEND TO SELL (OR LEASE OR LICENSE, AS
APPLICABLE) (FOR A CHARGE OF $ ). YOU MAY REQUEST AN ACCOUNTING BY
CALLING US AT (TELEPHONE NUMBER).

9-614. CONTENTS AND FORM OF NOTIFICATION BEFORE DISPOSITION OF
COLLATERAL: CONSUMER-GOODS TRANSACTION.

IN A CONSUMER-GOODS TRANSACTION, THE FOLLOWING RULES APPLY:

(1) A NOTIFICATION OF DISPOSITION MUST PROVIDE THE FOLLOWING
INFORMATION

(A) THE INFORMATION SPECIFIED IN § 9-613(1);

(B) A DESCRIPTION OF ANY LIABILITY FOR A DEFICIENCY OF THE
PERSON TO WHICH THE NOTIFICATION IS SENT;

(C) A TELEPHONE NUMBER FROM WHICH THE AMOUNT THAT
MUST BE PAID TO THE SECURED PARTY TO REDEEM THE COLLATERAL UNDER § 9-623
IS AVAILABLE; AND

(D) A TELEPHONE NUMBER OR MAILING ADDRESS FROM WHICH
ADDITIONAL INFORMATION CONCERNING THE DISPOSITION AND THE OBLIGATION
SECURED IS AVAILABLE.

 

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Session Laws, 1999
Volume 796, Page 2126   View pdf image
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