(1) 60 PERCENT OF THE CASH PRICE HAS BEEN PAID IN THE CASE OF A
PURCHASE-MONEY SECURITY INTEREST IN CONSUMER GOODS; OR

(2) 60 PERCENT OF THE PRINCIPAL AMOUNT OF THE OBLIGATION
SECURED HAS BEEN PAID IN THE CASE OF A NONPURCHASE-MONEY SECURITY
INTEREST IN CONSUMER GOODS.

(F) TO COMPLY WITH SUBSECTION (E), THE SECURED PARTY SHALL DISPOSE
OF THE COLLATERAL:

(1) WITHIN 90 DAYS AFTER TAKING POSSESSION; OR

(2) WITHIN ANY LONGER PERIOD TO WHICH THE DEBTOR AND ALL
SECONDARY OBLIGORS HAVE AGREED IN AN AGREEMENT TO THAT EFFECT
ENTERED INTO AND AUTHENTICATED AFTER DEFAULT.

(G) IN A CONSUMER TRANSACTION, A SECURED PARTY MAY NOT ACCEPT
COLLATERAL IN PARTIAL SATISFACTION OF THE OBLIGATION IT SECURES.

9-621. NOTIFICATION OF PROPOSAL TO ACCEPT COLLATERAL.

(A) A SECURED PARTY THAT DESIRES TO ACCEPT COLLATERAL IN FULL OR
PARTIAL SATISFACTION OF THE OBLIGATION IT SECURES SHALL SEND ITS PROPOSAL
TO:

(1) ANY PERSON FROM WHICH THE SECURED PARTY HAS RECEIVED,
BEFORE THE DEBTOR CONSENTED TO THE ACCEPTANCE, AN AUTHENTICATED
NOTIFICATION OF A CLAIM OF AN INTEREST IN THE COLLATERAL;

(2) ANY OTHER SECURED PARTY OR LIENHOLDER THAT, 10 DAYS
BEFORE THE DEBTOR CONSENTED TO THE ACCEPTANCE, HELD A SECURITY
INTEREST IN OR OTHER LIEN ON THE COLLATERAL PERFECTED BY THE FILING OF A
FINANCING STATEMENT THAT:

(A) IDENTIFIED THE COLLATERAL;

(B) WAS INDEXED UNDER THE DEBTOR'S NAME AS OF THAT DATE;

AND

(C) WAS FILED IN THE OFFICE OR OFFICES IN WHICH TO FILE A
FINANCING STATEMENT AGAINST THE DEBTOR COVERING THE COLLATERAL AS OF
THAT DATE; AND

(3) ANY OTHER SECURED PARTY THAT, 10 DAYS BEFORE THE DEBTOR
CONSENTED TO THE ACCEPTANCE, HELD A SECURITY INTEREST IN THE
COLLATERAL PERFECTED BY COMPLIANCE WITH A STATUTE, REGULATION, OR
TREATY DESCRIBED IN § 9-311(A).

(B) A SECURED PARTY THAT DESIRES TO ACCEPT COLLATERAL IN PARTIAL
SATISFACTION OF THE OBLIGATION IT SECURES SHALL SEND ITS PROPOSAL TO ANY
SECONDARY OBLIGOR IN ADDITION TO THE PERSONS DESCRIBED IN SUBSECTION (A).