Section 47-9-613 - 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 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 § 47-9-614(3), when completed, each provides sufficient information:

ing.(4) A particular phrasing of the notification is not required.(5) The following form of notification and the form appearing in § 47-9-614(3), when completed, each provides sufficient information: ______________NOTIFICATION OF DISPOSITION OF COLLATERALTo: [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]______________[End of Form]Acts 2000, ch. 846, § 1.