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Section 75-9-613 - Contents and form of notification before disposition of collateral: general — Mississippi Law | CourtGPT
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  8. Section 75-9-613 - Contents and form of notification before disposition of collateral: general
Mississippi Legal Code
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 paragraph (1) are nevertheless sufficient is a question of fact.(3) The contents of a notification providing substantially the information specified 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 Section 75-9-614(3), when completed, each provides sufficient information: NOTIFICATION OF

hrasing of the notification is not required.(5) The following form of notification and the form appearing in Section 75-9-614(3), when completed, each provides sufficient information: NOTIFICATION OF DISPOSITION OF COLLATERALTo: [Name of debtor, obligor or otherperson to which the notificationis sent]From: [Name, address and telephone numberof secured party]Name of Debtor(s): [Include only if debtor(s) are notan 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].[END OF FORM] Laws, 2001, ch. 495, § 1, eff. 1/1/2002.

Section 75-9-613 - Contents and form of notification before disposition of collateral: general

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