(2) IS NOT OBLIGATED TO APPLY THE PROCEEDS OF THE DISPOSITION
TO THE SATISFACTION OF OBLIGATIONS SECURED BY THE SECURITY INTEREST OR
OTHER LIEN; AND

(3) IS NOT OBLIGATED TO ACCOUNT TO OR PAY THE HOLDER OF THE
SECURITY INTEREST OR OTHER LIEN FOR ANY SURPLUS.

9-616. EXPLANATION OF CALCULATION OF. SURPLUS OR DEFICIENCY

(A) , IN THIS SECTION:

(1) "EXPLANATION" MEANS A WRITING THAT:

(A) STATES THE AMOUNT OF THE SURPLUS OR DEFICIENCY;

(B) PROVIDES AN EXPLANATION IN ACCORDANCE WITH
SUBSECTION (C) OF HOW THE SECURED PARTY CALCULATED THE SURPLUS OR
DEFICIENCY;

(C) STATES, IF APPLICABLE, THAT FUTURE DEBITS, CREDITS,
CHARGES, INCLUDING ADDITIONAL CREDIT SERVICE CHARGES OR INTEREST,
REBATES, AND EXPENSES MAY AFFECT THE AMOUNT OF THE SURPLUS OR
DEFICIENCY; AND

(D) PROVIDES A TELEPHONE NUMBER OR MAILING ADDRESS FROM
WHICH ADDITIONAL INFORMATION CONCERNING THE TRANSACTION IS AVAILABLE.

(2) "REQUEST" MEANS A RECORD:

(A) AUTHENTICATED BY A DEBTOR OR CONSUMER OBLIGOR;

(B) REQUESTING THAT THE RECIPIENT PROVIDE AN
EXPLANATION; AND

(C) SENT AFTER DISPOSITION OF THE COLLATERAL UNDER § 9-610.

(B) IN A CONSUMER-GOODS TRANSACTION IN WHICH THE DEBTOR IS
ENTITLED TO A SURPLUS OR A CONSUMER OBLIGOR IS LIABLE FOR A DEFICIENCY
UNDER § 9-615, THE SECURED PARTY SHALL:

(1) SEND AN EXPLANATION TO THE DEBTOR OR CONSUMER OBLIGOR, AS
APPLICABLE, AFTER THE DISPOSITION AND:

(A) BEFORE OR WHEN THE SECURED PARTY ACCOUNTS TO THE
DEBTOR AND PAYS ANY SURPLUS OR FIRST MAKES WRITTEN DEMAND ON THE
CONSUMER OBLIGOR AFTER THE DISPOSITION FOR PAYMENT OF THE DEFICIENCY;
AND

(B) WITHIN 14 DAYS AFTER RECEIPT OF A REQUEST; OR

(2) IN THE CASE OF A CONSUMER OBLIGOR WHO IS LIABLE FOR A
DEFICIENCY, WITHIN 14 DAYS AFTER RECEIPT OF A REQUEST, SEND TO THE
CONSUMER OBLIGOR A RECORD WAIVING THE SECURED PARTY'S RIGHT TO A
DEFICIENCY