| | | applicable), 16 C.F.R. Part 433, even in the absence of | | the required legend. |
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| | | (v) The 10-day safe-harbor for notification of a | | disposition provided by Section 9-612 [Maine cite | | section 9-1612] does not apply in a consumer | | transaction. |
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| | | (vi) Section 9-613 [Maine cite section 9-1613] | | (contents and form of notice of disposition) does not | | apply to a consumer-goods transaction. |
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| | | (vii) Section 9-614 [Maine cite section 9-1614] | | contains special requirements for the contents of a | | notification of disposition and a safe-harbor, "plain | | English" form of notification, for consumer-goods | | transactions. |
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| | | (viii) Section 9-616 [Maine cite section 9-1616] | | requires a secured party in a consumer-goods | | transaction to provide a debtor with a notification of | | how it calculated a deficiency at the time it first | | undertakes to collect a deficiency. |
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| | | (ix) Section 9-620 [Maine cite section 9-1620] | | prohibits partial strict foreclosure with respect to | | consumer goods collateral and, unless the debtor agrees | | to waive the requirement in an authenticated record | | after default, in certain cases requires the secured | | party to dispose of consumer goods collateral which has | | been repossessed. |
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| | | (x) Section 9-626 [Maine cite section 9-1626] | | ("rebuttable presumption" rule) does not apply to a | | consumer transaction. Section 9-626 [Maine cite | | section 9-1626] also provides that its limitation to | | transactions other than consumer transactions leaves to | | the courts the proper rules for consumer transactions | | and prohibits the courts from drawing inferences from | | that limitation. |
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| | | k. Good Faith. Section 9-102 [Maine cite section 9-1102] | | contains a new definition of "good faith" that includes not | | only "honesty in fact" but also "the observance of | | reasonable commercial standards of fair dealing." The | | definition is similar to the ones adopted in connection with | | other, recently completed revisions of the UCC. |
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| | | l. Transition Provisions. Part 7 (Sections 9-701 through | | 9-707) [Maine cite sections 9-1701 to 9-1707] contains |
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