(C) TO COMPLY WITH SUBSECTION (A)(1)(B), A WRITING MUST PROVIDE THE
FOLLOWING INFORMATION IN THE FOLLOWING ORDER:
(1) THE AGGREGATE AMOUNT OF OBLIGATIONS SECURED BY THE
SECURITY INTEREST UNDER WHICH THE DISPOSITION WAS MADE, AND, IF THE
AMOUNT REFLECTS A REBATE OF UNEARNED INTEREST OR CREDIT SERVICE
CHARGE, AN INDICATION OF THAT FACT, CALCULATED AS OF A SPECIFIED DATE:
(A) IF THE SECURED PARTY TAKES OR RECEIVES POSSESSION OF
THE COLLATERAL AFTER DEFAULT, NOT MORE THAN 35 DAYS BEFORE THE SECURED
PARTY TAKES OR RECEIVES POSSESSION; OR
(B) IF THE SECURED PARTY TAKES OR RECEIVES POSSESSION OF
THE COLLATERAL BEFORE DEFAULT OR DOES NOT TAKE POSSESSION OF THE
COLLATERAL, NOT MORE THAN 35 DAYS BEFORE THE DISPOSITION;
(2) THE AMOUNT OF PROCEEDS OF THE DISPOSITION;
(3) THE AGGREGATE AMOUNT OF THE OBLIGATIONS AFTER DEDUCTING
THE AMOUNT OF PROCEEDS;
(4) THE AMOUNT, IN THE AGGREGATE OR BY TYPE, AND TYPES OF
EXPENSES, INCLUDING EXPENSES OF RETAKING, HOLDING, PREPARING FOR
DISPOSITION, PROCESSING, AND DISPOSING OF THE COLLATERAL, AND ATTORNEYS
FEES SECURED BY THE COLLATERAL WHICH ARE KNOWN TO THE SECURED PARTY
AND RELATE TO THE CURRENT DISPOSITION;
(5) THE AMOUNT, IN THE AGGREGATE OR BY TYPE, AND TYPES OF
CREDITS, INCLUDING REBATES OF INTEREST OR CREDIT SERVICE CHARGES, TO
WHICH THE OBLIGOR IS KNOWN TO BE ENTITLED AND WHICH ARE NOT REFLECTED
IN THE AMOUNT IN PARAGRAPH (1); AND
(6) THE AMOUNT OF THE SURPLUS OR DEFICIENCY.
(D) A PARTICULAR PHRASING OF THE EXPLANATION IS NOT REQUIRED. AN
EXPLANATION COMPLYING SUBSTANTIALLY WITH THE REQUIREMENTS OF
SUBSECTION (A) IS SUFFICIENT, EVEN IF IT INCLUDES MINOR ERRORS THAT ARE NOT
SERIOUSLY MISLEADING.
(E) A DEBTOR OR CONSUMER OBLIGOR IS ENTITLED WITHOUT CHARGE TO
ONE RESPONSE TO A REQUEST UNDER THIS SECTION DURING ANY SIX-MONTH
PERIOD IN WHICH THE SECURED PARTY DID NOT SEND TO THE DEBTOR OR
CONSUMER OBLIGOR AN EXPLANATION PURSUANT TO SUBSECTION (B)(1) THE
SECURED PARTY MAY REQUIRE PAYMENT OF A CHARGE NOT EXCEEDING $25 FOR
EACH ADDITIONAL RESPONSE.
9-617. RIGHTS OF TRANSFEREE OF COLLATERAL.
(A) A SECURED PARTY'S DISPOSITION OF COLLATERAL AFTER DEFAULT:
(1) TRANSFERS TO A TRANSFEREE FOR VALUE ALL OF THE DEBTOR'S
RIGHTS IN THE COLLATERAL;
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