Uniform Commercial Code § 9-614. Contents and Form of Notification Before Disposition of Collateral: Consumer-goods Transaction, NY CLS UCC § 9-614


Summary

In a consumer-goods transaction, the following rules apply:
(a) A notification of disposition must provide the following information:
(1) the information specified in Section 9-613(a);
(2) a description of any liability for a deficiency of the person to which the notification is sent;
(3) a telephone number from which the amount that must be paid to the secured party to redeem the collateral under Section 9-623 is available; and
(4) a telephone number or mailing address from which additional information concerning the disposition and the obligation secured is available.
(b) A particular phrasing of the notification is not required.
(c) The following form of notification, when completed, provides sufficient information:
(Name and address of secured party)
(Date)
NOTICE OF OUR PLAN TO SELL PROPERTY
(Name and address of any obligor who is also a debtor)
Subject: (Identification of Transaction)
We have your (describe collateral), because you broke promises in our agreement.
(For a public disposition:)
We will ...