(i)__If the secured party takes or receives possession of the collateral after default, not more than 35 days before the secured party takes or receives possession; or

(ii)__If the secured party takes or receives possession of the collateral before default or does not take possession of the collateral, not more than 35 days before the disposition;

(b)__The amount of proceeds of the disposition;

(c)__The aggregate amount of the obligations after deducting the amount of proceeds;

(d)__The amount, in the aggregate or by type, and types of expenses, including expenses of retaking, holding, preparing for disposition, processing and disposing of the collateral, and attorney's fees secured by the collateral that are known to the secured party and relate to the current disposition;

(e)__The amount, in the aggregate or by type, and types of credits, including rebates of interest or credit service charges, to which the obligor is known to be entitled and that are not reflected in the amount in paragraph (a); and

(f)__The amount of the surplus or deficiency.

(4)__A particular phrasing of the explanation is not required.__ An explanation complying substantially with the requirements of subsection (1) is sufficient, even if it includes minor errors that are not seriously misleading.

(5)__A debtor or consumer obligor is entitled without charge to one response to a request under this section during any 6- month period in which the secured party did not send to the debtor or consumer obligor an explanation pursuant to subsection (2), paragraph (a).__The secured party may require payment of a charge not exceeding $25 for each additional response.

Official Comment

1. Source. New.

2. Duty to Send Information Concerning Surplus or Deficiency. This section reflects the view that, in every