LD 2245
pg. 402
Page 401 of 493 An Act to Adopt the Model Revised Article 9 Secured Transactions Page 403 of 493
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LR 1087
Item 1

 
You can get the property back at any time before we sell it by
paying us the full amount you owe (not just the past due payments),
including our expenses.__To learn the exact amount you must pay,
call us at [telephone number].

 
If you want us to explain to you in writing how we have figured
the amount that you owe us, you may call us at [telephone number]
[or write us at [secured party's address]] and request a written
explanation.__[We will charge you $______for the explanation if
we sent you another written explanation of the amount you owe us
within the last 6 months.]

 
If you need more information about the sale, call us at
[telephone number] [or write us at [secured party's address]].

 
We are sending this notice to the following other people who have
an interest in [describe collateral] or who owe money under your
agreement.

 
[Names of all other debtors and obligors, if any]

 
[End of Form]

 
(4)__A notification in the form of subsection (3) is
sufficient, even if additional information appears at the end of
the form.

 
(5)__A notification in the form of subsection (3) is
sufficient, even if it includes errors in information not
required by subsection (1), unless the error is misleading with
respect to rights arising under this Article.

 
(6)__If a notification under this section is not in the form
of subsection (3), law other than this Article determines the
effect of including information not required by subsection (1).

 
Official Comment

 
1. Source. New.

 
2. Notification in Consumer-Goods Transactions. Paragraph
(1) [Maine cite subsection (1)] sets forth the information
required for a reasonable notification in a consumer-goods
transaction. A notification that lacks any of the information
set forth in paragraph (1) [Maine cite subsection (1)] is
insufficient as a matter of law. Compare Section 9-613(2) [Maine
cite section 9-1613, subsection (2)], under which the trier of
fact may find a notification to be sufficient even if it lacks


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