§ 554.9613

554.9613 Contents and form of notification before disposition of collateral — general. Except in a consumer-goods transaction, the following rules apply:1. The contents of a notification of disposition are sufficient if the notification: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 unpaid indebtedness and states the charge, if any, for an accounting; and e. states the time and place of a public disposition or the time after which any other disposition is to be made. 2. Whether the contents of a notification that lacks any of the information specified in subsection 1 are nevertheless sufficient is a question of fact. 3. The contents of a notification providing substantially the information specified in subsection 1 are sufficient, even if the notification includes: a. information not specified by that subsection; orb. minor errors that are not seriously misleading.4. A particular phrasing of the notification is not required.5.

even if the notification includes: a. information not specified by that subsection; orb. 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 section 554.9614, subsection 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

ivately 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 ................ dollars]. You may requestan accounting by calling us at [telephone number]. 2000 Acts, ch 1149, §111, 187Referred to in §554.9602, 554.9614 Sat Dec 23 11:02:25 2023 Iowa Code 2024, Section 554.9613 (26, 0)