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]

Official Comment

1. Source. New.

2. Contents of Notification. To comply with the "reasonable authenticated notification" requirement of Section 9-611(b) [Maine cite section 9-1611, subsection (2)], the contents of a notification must be reasonable. Except in a consumer-goods transaction, the contents of a notification that includes the information set forth in paragraph (1) [Maine cite paragraph (a)] are sufficient as a matter of law, unless the parties agree otherwise. (The reference to "time" of disposition means here, as it did in former Section 9-504(3), not only the hour of the day but also the date.) Although a secured party may choose to include additional information concerning the transaction or the debtor's rights and obligations, no additional information is required unless the parties agree otherwise. A notification that lacks some of the information set forth in paragraph (1) [Maine cite paragraph (a)] nevertheless may be sufficient if found to be reasonable by the trier of fact, under paragraph (2) [Maine cite paragraph (b)]. A properly completed sample form of notification in paragraph (5) [Maine cite paragraph (e)] or in Section 9- 614(a)(3) [Maine cite section 9-1614, subsection (1), paragraph (c)] is an example of a notification that would contain the information set forth in paragraph (1) [Maine cite paragraph (a)]. Under paragraph (4) [Maine cite paragraph (d)], however, no particular phrasing of the notification is required.

§9-1614.__Contents and form of notification before disposition of

collateral: consumer-goods transaction

In a consumer-goods transaction, the following rules apply.

(1)__A notification of disposition must provide the following information:

(a)__The information specified in section 9-1613, subsection (1);