§ 8.9A-613. Contents and form of notification before disposition ofcollateral; general.
Except in a consumer-goods transaction, the following rules apply:
(1) The contents of a notification of disposition are sufficient if thenotification:
(A) describes the debtor and the secured party;
(B) describes the collateral that is the subject of the intended disposition;
(C) states the method of intended disposition;
(D) states that the debtor is entitled to an accounting of the unpaidindebtedness and states the charge, if any, for an accounting; and
(E) states the time and place of a public disposition or the time after whichany other disposition is to be made.
(2) Whether the contents of a notification that lacks any of the informationspecified in paragraph (1) are nevertheless sufficient is a question of fact.
(3) The contents of a notification providing substantially the informationspecified in paragraph (1) are sufficient, even if the notification includes:
(A) information not specified by that paragraph; or
(B) minor errors that are not seriously misleading.
(4) A particular phrasing of the notification is not required.
(5) The following form of notification and the form appearing in § 8.9A-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) are 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 sometime 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).
§ 8.9A-613. Contents and form of notification before disposition ofcollateral; general.
Except in a consumer-goods transaction, the following rules apply:
(1) The contents of a notification of disposition are sufficient if thenotification:
(A) describes the debtor and the secured party;
(B) describes the collateral that is the subject of the intended disposition;
(C) states the method of intended disposition;
(D) states that the debtor is entitled to an accounting of the unpaidindebtedness and states the charge, if any, for an accounting; and
(E) states the time and place of a public disposition or the time after whichany other disposition is to be made.
(2) Whether the contents of a notification that lacks any of the informationspecified in paragraph (1) are nevertheless sufficient is a question of fact.
(3) The contents of a notification providing substantially the informationspecified in paragraph (1) are sufficient, even if the notification includes:
(A) information not specified by that paragraph; or
(B) minor errors that are not seriously misleading.
(4) A particular phrasing of the notification is not required.
(5) The following form of notification and the form appearing in § 8.9A-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) are 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 sometime 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).
§ 8.9A-613. Contents and form of notification before disposition ofcollateral; general.
Except in a consumer-goods transaction, the following rules apply:
(1) The contents of a notification of disposition are sufficient if thenotification:
(A) describes the debtor and the secured party;
(B) describes the collateral that is the subject of the intended disposition;
(C) states the method of intended disposition;
(D) states that the debtor is entitled to an accounting of the unpaidindebtedness and states the charge, if any, for an accounting; and
(E) states the time and place of a public disposition or the time after whichany other disposition is to be made.
(2) Whether the contents of a notification that lacks any of the informationspecified in paragraph (1) are nevertheless sufficient is a question of fact.
(3) The contents of a notification providing substantially the informationspecified in paragraph (1) are sufficient, even if the notification includes:
(A) information not specified by that paragraph; or
(B) minor errors that are not seriously misleading.
(4) A particular phrasing of the notification is not required.
(5) The following form of notification and the form appearing in § 8.9A-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) are 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 sometime 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).
