Maryland Statutes
Subtitle 6 - Default
Section 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 § 9-614(3), when completed, each provides sufficient information:
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) is 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 some time 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).

Structure Maryland Statutes

Maryland Statutes

Commercial Law

Title 9 - Secured Transactions

Subtitle 6 - Default

Section 9-601 - Rights After Default; Judicial Enforcement; Consignor or Buyer of Accounts, Chattel Paper, Payment Intangibles, or Promissory Notes

Section 9-602 - Waiver and Variance of Rights and Duties

Section 9-603 - Agreement on Standards Concerning Rights and Duties

Section 9-604 - Procedure if Security Agreement Covers Real Property or Fixtures

Section 9-605 - Unknown Debtor or Secondary Obligor

Section 9-606 - Time of Default for Agricultural Lien

Section 9-607 - Collection and Enforcement by Secured Party

Section 9-608 - Application of Proceeds of Collection or Enforcement; Liability for Deficiency and Right to Surplus

Section 9-609 - Secured Party's Right to Take Possession After Default

Section 9-610 - Disposition of Collateral After Default

Section 9-611 - Notification Before Disposition of Collateral

Section 9-612 - Timeliness of Notification Before Disposition of Collateral

Section 9-613 - Contents and Form of Notification Before Disposition of Collateral: General

Section 9-614 - Contents and Form of Notification Before Disposition of Collateral: Consumer-Goods Transaction

Section 9-615 - Application of Proceeds of Disposition; Liability for Deficiency and Right to Surplus

Section 9-616 - Explanation of Calculation of Surplus or Deficiency

Section 9-617 - Rights of Transferee of Collateral

Section 9-618 - Rights and Duties of Certain Secondary Obligors

Section 9-619 - Transfer of Record or Legal Title

Section 9-620 - Acceptance of Collateral in Full or Partial Satisfaction of Obligation; Compulsory Disposition of Collateral

Section 9-621 - Notification of Proposal to Accept Collateral

Section 9-622 - Effect of Acceptance of Collateral

Section 9-623 - Right to Redeem Collateral

Section 9-624 - Waiver

Section 9-625 - Remedies for Secured Party's Failure to Comply With Title

Section 9-626 - Action in Which Deficiency or Surplus Is in Issue

Section 9-627 - Determination of Whether Conduct Was Commercially Reasonable

Section 9-628 - Nonliability and Limitation on Liability of Secured Party; Liability of Secondary Obligor