9611 - Notification before disposition of collateral.

     § 9611.  Notification before disposition of collateral.        (a)  Notification date.--As used in this section, the term     "notification date" means the earlier of the date on which:            (1)  a secured party sends to the debtor and any        secondary obligor an authenticated notification of        disposition; or            (2)  the debtor and any secondary obligor waive the right        to notification.        (b)  Notification of disposition required.--Except as     otherwise provided in subsection (d), a secured party that     disposes of collateral under section 9610 (relating to     disposition of collateral after default) shall send to the     persons specified in subsection (c) a reasonable authenticated     notification of disposition.        (c)  Persons to be notified.--To comply with subsection (b),     the secured party shall send an authenticated notification of     disposition to all of the following:            (1)  The debtor.            (2)  Any secondary obligor.            (3)  If the collateral is other than consumer goods, all        of the following:                (i)  Any other person from which the secured party            has received, before the notification date, an            authenticated notification of a claim of an interest in            the collateral.                (ii)  Any other secured party or lienholder that, ten            days before the notification date, held a security            interest in or other lien on the collateral perfected by            the filing of a financing statement which:                    (A)  identified the collateral;                    (B)  was indexed under the debtor's name as of                that date; and                    (C)  was filed in the office in which to file a                financing statement against the debtor covering the                collateral as of that date.                (iii)  Any other secured party that, ten days before            the notification date, held a security interest in the            collateral perfected by compliance with a statute,            regulation or treaty described in section 9311(a)            (relating to security interest subject to other law).        (d)  Subsection (b) inapplicable: perishable collateral;     recognized market.--Subsection (b) does not apply if the     collateral is perishable or threatens to decline speedily in     value or is of a type customarily sold on a recognized market.        (e)  Compliance with subsection (c)(3)(ii).--A secured party     complies with the requirement for notification prescribed by     subsection (c)(3)(ii) if both of the following paragraphs apply:            (1)  Not later than 20 days or earlier than 30 days        before the notification date, the secured party requests, in        a commercially reasonable manner, information concerning        financing statements indexed under the debtor's name in the        office indicated in subsection (c)(3)(ii).            (2)  Before the notification date, the secured party:                (i)  did not receive a response to the request for            information; or                (ii)  received a response to the request for            information and sent an authenticated notification of            disposition to each secured party or other lienholder            named in that response whose financing statement covered            the collateral.        Cross References.  Section 9611 is referred to in sections     9602, 9624 of this title.