§ 6A-9-613 - Contents and form of notification before disposition of collateral – General.
SECTION 6A-9-613
§ 6A-9-613 Contents and form ofnotification before disposition of collateral – General. – Except in a consumer-goods transaction, the following rules apply:
(1) The contents of a notification of disposition aresufficient if the notification:
(i) Describes the debtor and the secured party;
(ii) Describes the collateral that is the subject of theintended disposition;
(iii) States the method of intended disposition;
(iv) States that the debtor is entitled to an accounting ofthe unpaid indebtedness and states the charge, if any, for an accounting; and
(v) States the time and place of a public disposition or thetime after which any other disposition is to be made.
(2) Whether the contents of a notification that lacks any ofthe information specified in paragraph (1) are nevertheless sufficient is aquestion of fact.
(3) The contents of a notification providing substantiallythe information specified in paragraph (1) are sufficient, even if thenotification includes:
(i) Information not specified by that paragraph; or
(ii) 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 appearingin § 6A-9-614(3), when completed, each provides sufficient information:
NOTIFICATION OF DISPOSITION OF COLLATERAL
To: [Name of debtor, obligor, or other person to whichthe notification is sent]
From: [Name, address, and telephone number of securedparty]
Name of Debtor(s): [Include only if debtor(s) are not anaddressee]
[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 anddate].
You are entitled to an accounting of the unpaid indebtednesssecured by the property that we intend to sell [or lease or license, asapplicable] [for a charge of $ ]. You may request an accountingby calling us at [telephone number]
End of Form