LD 2245
pg. 401
Page 400 of 493 An Act to Adopt the Model Revised Article 9 Secured Transactions Page 402 of 493
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LR 1087
Item 1

 
(b)__A description of any liability for a deficiency of the
person to which the notification is sent;

 
(c)__A telephone number from which the amount that must be
paid to the secured party to redeem the collateral under
section 9-1623 is available; and

 
(d)__A telephone number or mailing address from which
additional information concerning the disposition and the
obligation secured is available.

 
(2)__A particular phrasing of the notification is not
required.

 
(3)__The following form of notification, when completed,
provides sufficient information.

 
[Name and address of secured party]

 
[Date]

 
NOTICE OF OUR PLAN TO SELL PROPERTY

 
[Name and address of any obligor who is also a debtor]

 
Subject:__[Identification of Transaction]

 
We have your [describe collateral] because you broke promises in
our agreement.

 
[For a public disposition:]

 
We will sell [describe collateral] at public sale.__A sale could
include a lease or license.__The sale will be held as follows.

 
Date:________________

 
Time:________________

 
Place:______________

 
You may attend the sale and bring bidders if you want.

 
[For a private disposition:]

 
We will sell [describe collateral] at private sale sometime after
[date].__A sale could include a lease or license.

 
The money that we get from the sale (after paying our costs) will
reduce the amount you owe.__If we get less money than you owe,
you [will or will not, as applicable] still owe us the
difference.__If we get more money than you owe, you will get the
extra money unless we must pay it to someone else.


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