(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:
(Date)
NOTICE OF OUR PLAN TO SELL PROPERTY
(d) A notification in the form of subsection (c) is sufficient, even
if additional information appears at the end of the form.
(e) A notification in the form of subsection (c) is sufficient, even
if it includes errors in information not required by subsection (a),
unless the error is misleading with respect to rights arising under this
article.
(f) If a notification under this section is not in the form of
subsection (c), law other than this article determines the effect of
including information not required by subsection (a).
Structure New York Laws
Article 9 - Secured Transactions
Sub Part 1 - Default and Enforcement of Security Interest
9-602 - Waiver and Varience of Rights and Duties
9-603 - Agreement on Standards Concerning Rights and Duties
9-604 - Procedure if Security Agreement Covers Real Property, Fixtures, or Cooperative Interests
9-605 - Unknown Debtor or Secondary Obligor
9-606 - Time of Default for Agricultural Lien
9-607 - Collection and Enforcement by Secured Party
9-609 - Secured Party's Right to Take Possession After Default
9-610 - Disposition of Collateral After Default
9-611 - Notification Before Disposition of Collateral
9-612 - Timeliness of Notification Before Disposition of Collateral
9-613 - Contents and Form of Notification Before Disposition of Collateral: General
9-615 - Application of Proceeds of Disposition; Liability for Deficiency and Right to Surplus
9-616 - Explanation of Calculation of Surplus or Deficiency
9-617 - Rights of Transferee of Collateral
9-618 - Rights and Duties of Certain Secondary Obligors
9-619 - Transfer of Record or Legal Title
9-621 - Notification of Proposal to Accept Collateral
9-622 - Effect of Acceptance of Collateral