§ 6A-9-614 Contents and form ofnotification before disposition of collateral – Consumer-goodstransaction. – In a consumer-goods transaction, the following rules apply:
(1) A notification of disposition must provide the followinginformation:
(i) The information specified in § 6A-9-613(1);
(ii) A description of any liability for a deficiency of theperson to which the notification is sent;
(iii) A telephone number from which the amount that must bepaid to the secured party to redeem the collateral under § 6A-9-623 isavailable; and
(iv) A telephone number or mailing address from whichadditional information concerning the disposition and the obligation secured isavailable.
(2) A particular phrasing of the notification is not required.
(3) The following form of notification, when completed,provides sufficient information:
[Name and address of secured party]
[Date]
NOTICE OF OUR PLAN TO SELL PROPERTY
[Name and address of any obligor who is also adebtor]
Subject: [Identification of Transaction]
We have your [describe collateral], because youbroke promises in our agreement.
[For a public disposition:]
We will sell [describe collateral] at public sale.A sale could include a lease or license. The sale will be held as follows:
Date:
Time:
Place:
You may attend the sale and bring bidders if you want.
[For a private disposition:]
We will sell [describe collateral] at private salesometime after [date]. A sale could include a lease or license.
The money that we get from the sale (after paying our costs)will reduce the amount you owe. If we get less money than you owe, you[will or will not, as applicable] still owe us the difference. If weget more money than you owe, you will get the extra money, unless we must payit to someone else.
You can get the property back at any time before we sell itby paying us the full amount you owe (not just the past due payments),including our expenses. To learn the exact amount you must pay, call us at[telephone number].
If you want us to explain to you in writing how we havefigured the amount that you owe us, you may call us at [telephonenumber] [or write us at [secured party's address] ]and request a written explanation. [We will charge you $ for theexplanation if we sent you another written explanation of the amount you owe uswithin the last six months.]
If you need more information about the sale call us at[telephone number] ] [or write us at [secured party'saddress] ].
We are sending this notice to the following other people whohave an interest in [describe collateral] or who owe money under youragreement:
[Names of all other debtors and obligors, if any]
[End of Form]
(4) A notification in the form of paragraph (3) issufficient, even if additional information appears at the end of the form.
(5) A notification in the form of paragraph (3) issufficient, even if it includes errors in information not required by paragraph(1), unless the error is misleading with respect to rights arising under thischapter.
(6) If a notification under this section is not in the formof paragraph (3), law other than this chapter determines the effect ofincluding information not required by paragraph (1).
§ 6A-9-614 Contents and form ofnotification before disposition of collateral – Consumer-goodstransaction. – In a consumer-goods transaction, the following rules apply:
(1) A notification of disposition must provide the followinginformation:
(i) The information specified in § 6A-9-613(1);
(ii) A description of any liability for a deficiency of theperson to which the notification is sent;
(iii) A telephone number from which the amount that must bepaid to the secured party to redeem the collateral under § 6A-9-623 isavailable; and
(iv) A telephone number or mailing address from whichadditional information concerning the disposition and the obligation secured isavailable.
(2) A particular phrasing of the notification is not required.
(3) The following form of notification, when completed,provides sufficient information:
[Name and address of secured party]
[Date]
NOTICE OF OUR PLAN TO SELL PROPERTY
[Name and address of any obligor who is also adebtor]
Subject: [Identification of Transaction]
We have your [describe collateral], because youbroke promises in our agreement.
[For a public disposition:]
We will sell [describe collateral] at public sale.A sale could include a lease or license. The sale will be held as follows:
Date:
Time:
Place:
You may attend the sale and bring bidders if you want.
[For a private disposition:]
We will sell [describe collateral] at private salesometime after [date]. A sale could include a lease or license.
The money that we get from the sale (after paying our costs)will reduce the amount you owe. If we get less money than you owe, you[will or will not, as applicable] still owe us the difference. If weget more money than you owe, you will get the extra money, unless we must payit to someone else.
You can get the property back at any time before we sell itby paying us the full amount you owe (not just the past due payments),including our expenses. To learn the exact amount you must pay, call us at[telephone number].
If you want us to explain to you in writing how we havefigured the amount that you owe us, you may call us at [telephonenumber] [or write us at [secured party's address] ]and request a written explanation. [We will charge you $ for theexplanation if we sent you another written explanation of the amount you owe uswithin the last six months.]
If you need more information about the sale call us at[telephone number] ] [or write us at [secured party'saddress] ].
We are sending this notice to the following other people whohave an interest in [describe collateral] or who owe money under youragreement:
[Names of all other debtors and obligors, if any]
[End of Form]
(4) A notification in the form of paragraph (3) issufficient, even if additional information appears at the end of the form.
(5) A notification in the form of paragraph (3) issufficient, even if it includes errors in information not required by paragraph(1), unless the error is misleading with respect to rights arising under thischapter.
(6) If a notification under this section is not in the formof paragraph (3), law other than this chapter determines the effect ofincluding information not required by paragraph (1).
§ 6A-9-614 Contents and form ofnotification before disposition of collateral – Consumer-goodstransaction. – In a consumer-goods transaction, the following rules apply:
(1) A notification of disposition must provide the followinginformation:
(i) The information specified in § 6A-9-613(1);
(ii) A description of any liability for a deficiency of theperson to which the notification is sent;
(iii) A telephone number from which the amount that must bepaid to the secured party to redeem the collateral under § 6A-9-623 isavailable; and
(iv) A telephone number or mailing address from whichadditional information concerning the disposition and the obligation secured isavailable.
(2) A particular phrasing of the notification is not required.
(3) The following form of notification, when completed,provides sufficient information:
[Name and address of secured party]
[Date]
NOTICE OF OUR PLAN TO SELL PROPERTY
[Name and address of any obligor who is also adebtor]
Subject: [Identification of Transaction]
We have your [describe collateral], because youbroke promises in our agreement.
[For a public disposition:]
We will sell [describe collateral] at public sale.A sale could include a lease or license. The sale will be held as follows:
Date:
Time:
Place:
You may attend the sale and bring bidders if you want.
[For a private disposition:]
We will sell [describe collateral] at private salesometime after [date]. A sale could include a lease or license.
The money that we get from the sale (after paying our costs)will reduce the amount you owe. If we get less money than you owe, you[will or will not, as applicable] still owe us the difference. If weget more money than you owe, you will get the extra money, unless we must payit to someone else.
You can get the property back at any time before we sell itby paying us the full amount you owe (not just the past due payments),including our expenses. To learn the exact amount you must pay, call us at[telephone number].
If you want us to explain to you in writing how we havefigured the amount that you owe us, you may call us at [telephonenumber] [or write us at [secured party's address] ]and request a written explanation. [We will charge you $ for theexplanation if we sent you another written explanation of the amount you owe uswithin the last six months.]
If you need more information about the sale call us at[telephone number] ] [or write us at [secured party'saddress] ].
We are sending this notice to the following other people whohave an interest in [describe collateral] or who owe money under youragreement:
[Names of all other debtors and obligors, if any]
[End of Form]
(4) A notification in the form of paragraph (3) issufficient, even if additional information appears at the end of the form.
(5) A notification in the form of paragraph (3) issufficient, even if it includes errors in information not required by paragraph(1), unless the error is misleading with respect to rights arising under thischapter.
(6) If a notification under this section is not in the formof paragraph (3), law other than this chapter determines the effect ofincluding information not required by paragraph (1).
