Except in a consumer-goods transaction, the following rules apply:
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 $ ] . You may request an accounting by calling us at [telephone number]
[End of Form]
Structure 2021 Tennessee Code
Title 47 - Commercial Instruments and Transactions
Chapter 9 - Secured Transactions
§ 47-9-602. Waiver and Variance of Rights and Duties
§ 47-9-605. Unknown Debtor or Secondary Obligor
§ 47-9-606. Time of Default for Agricultural Lien
§ 47-9-613. Contents and Form of Notification Before Disposition of Collateral — General
§ 47-9-626. Action in Which Deficiency or Surplus Is in Issue