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§ 9.613 — Vermont Law | CourtGPT
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  6. § 9.613
Vermont Legal Code

§ 9.613

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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 subdivision (1) of this section are nevertheless sufficient is a question of fact. (3) The contents of a notification providing substantially the information specified in subdivision (1) of this section 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

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 subdivision 9—614(3) of this title, 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 the [describe collateral ] to the highest qualified bidder in public as follows:Day and Date: _______________ Time: __________________ Place: __________________ For a private disposition:We will sell 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. You may request an accounting by calling us at [telephone number ].