{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.9A-613.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.9A-613.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.9A-613.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.9A-613.html"}],"law_id":72203,"edition_id":1,"section_id":72203,"structure_id":15263,"section_number":"8.9A-613","catch_line":"Contents and form of notification before disposition of collateral; general","history":"2000, c. 1007; 2024, c. 652.","full_text":"a\n\nContents and form of notification. Except in a consumer-goods transaction, the following rules apply:1\n\nThe contents of a notification of disposition are sufficient if the notification:A\n\ndescribes the debtor and the secured party;B\n\ndescribes the collateral that is the subject of the intended disposition;C\n\nstates the method of intended disposition;D\n\nstates that the debtor is entitled to an accounting of the unpaid indebtedness and states the charge, if any, for an accounting; andE\n\nstates the time and place of a public disposition or the time after which any other disposition is to be made.2\n\nWhether the contents of a notification that lacks any of the information specified in paragraph (1) are nevertheless sufficient is a question of fact.3\n\nThe contents of a notification providing substantially the information specified in paragraph (1) are sufficient, even if the notification includes:A\n\ninformation not specified by that paragraph; orB\n\nminor errors that are not seriously misleading.4\n\nA particular phrasing of the notification is not required.5\n\nThe following form of notification and the form appearing in § 8.9A-614 (a)(3), when completed in accordance with the instructions in subsection (b) and § 8.9A-614 (b), each provides sufficient information:\n\t\t\t\tNOTIFICATION OF DISPOSITION OF COLLATERAL\n\t\t\t\tTo: (Name of debtor, obligor, or other person to which the notification is sent)\n\t\t\t\tFrom: (Name, address, and telephone number of secured party)\n\t\t\t\t{1} Name of any debtor that is not an addressee: (Name of each debtor)\n\t\t\t\t{2} We will sell (describe collateral) (to the highest qualified bidder) at public sale. A sale could include a lease or license. The sale will be held as follows:\n\t\t\t\t(Date)\n\t\t\t\t(Time)\n\t\t\t\t(Place)\n\t\t\t\t{3} We will sell (describe collateral) at private sale sometime after (date). A sale could include a lease or license.\n\t\t\t\t{4} You are entitled to an accounting of the unpaid indebtedness secured by the property that we intend to sell or, as applicable, lease or license.\n\t\t\t\t{5} If you request an accounting you must pay a charge of $ (amount).\n\t\t\t\t{6} You may request an accounting by calling us at (telephone number).\n\t\t\t\t[End of Form]b\n\nInstructions for form of notification. The following instructions apply to the form of notification in subsection (a)(5):1\n\nThe instructions in this subsection refer to the numbers in braces before items in the form of notification in subsection (a)(5). Do not include the numbers or braces in the notification. The numbers and braces are used only for the purpose of these instructions.2\n\nInclude and complete item {1} only if there is a debtor that is not an addressee of the notification and list the name or names.3\n\nInclude and complete either item {2}, if the notification relates to a public disposition of the collateral, or item {3}, if the notification relates to a private disposition of the collateral. If item {2} is included, include the words “to the highest qualified bidder” only if applicable.4\n\nInclude and complete items {4} and {6}.5\n\nInclude and complete item {5} only if the sender will charge the recipient for an accounting.","order_by":null,"text":{"0":{"id":260110,"text":"Contents and form of notification. Except in a consumer-goods transaction, the following rules apply:","type":"section","prefixes":["a"],"prefix":"a","entire_prefix":"a","prefix_anchor":"a","level":1,"next_prefix":"a1"},"1":{"id":260111,"text":"The contents of a notification of disposition are sufficient if the notification:","type":"section","prefixes":["a","1"],"prefix":"1","entire_prefix":"a1","prefix_anchor":"a1","level":2,"prior_prefix":"a","next_prefix":"A"},"2":{"id":260112,"text":"describes the debtor and the secured party;","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"prior_prefix":"a1","next_prefix":"B"},"3":{"id":260113,"text":"describes the collateral that is the subject of the intended disposition;","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"4":{"id":260114,"text":"states the method of intended disposition;","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"5":{"id":260115,"text":"states that the debtor is entitled to an accounting of the unpaid indebtedness and states the charge, if any, for an accounting; and","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"6":{"id":260116,"text":"states the time and place of a public disposition or the time after which any other disposition is to be made.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D","next_prefix":"E2"},"7":{"id":260117,"text":"Whether the contents of a notification that lacks any of the information specified in paragraph (1) are nevertheless sufficient is a question of fact.","type":"section","prefixes":["E","2"],"prefix":"2","entire_prefix":"E2","prefix_anchor":"E2","level":2,"prior_prefix":"E","next_prefix":"E3"},"8":{"id":260118,"text":"The contents of a notification providing substantially the information specified in paragraph (1) are sufficient, even if the notification includes:","type":"section","prefixes":["E","3"],"prefix":"3","entire_prefix":"E3","prefix_anchor":"E3","level":2,"prior_prefix":"E2","next_prefix":"A"},"9":{"id":260119,"text":"information not specified by that paragraph; or","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"prior_prefix":"E3","next_prefix":"B"},"10":{"id":260120,"text":"minor errors that are not seriously misleading.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"B4"},"11":{"id":260121,"text":"A particular phrasing of the notification is not required.","type":"section","prefixes":["B","4"],"prefix":"4","entire_prefix":"B4","prefix_anchor":"B4","level":2,"prior_prefix":"B","next_prefix":"B5"},"12":{"id":260122,"text":"The following form of notification and the form appearing in § 8.9A-614 (a)(3), when completed in accordance with the instructions in subsection (b) and § 8.9A-614 (b), each provides sufficient information:\n\t\t\t\tNOTIFICATION OF DISPOSITION OF COLLATERAL\n\t\t\t\tTo: (Name of debtor, obligor, or other person to which the notification is sent)\n\t\t\t\tFrom: (Name, address, and telephone number of secured party)\n\t\t\t\t{1} Name of any debtor that is not an addressee: (Name of each debtor)\n\t\t\t\t{2} We will sell (describe collateral) (to the highest qualified bidder) at public sale. A sale could include a lease or license. The sale will be held as follows:\n\t\t\t\t(Date)\n\t\t\t\t(Time)\n\t\t\t\t(Place)\n\t\t\t\t{3} We will sell (describe collateral) at private sale sometime after (date). A sale could include a lease or license.\n\t\t\t\t{4} You are entitled to an accounting of the unpaid indebtedness secured by the property that we intend to sell or, as applicable, lease or license.\n\t\t\t\t{5} If you request an accounting you must pay a charge of $ (amount).\n\t\t\t\t{6} You may request an accounting by calling us at (telephone number).\n\t\t\t\t[End of Form]","type":"section","prefixes":["B","5"],"prefix":"5","entire_prefix":"B5","prefix_anchor":"B5","level":2,"prior_prefix":"B4","next_prefix":"b"},"13":{"id":260123,"text":"Instructions for form of notification. The following instructions apply to the form of notification in subsection (a)(5):","type":"section","prefixes":["b"],"prefix":"b","entire_prefix":"b","prefix_anchor":"b","level":1,"prior_prefix":"B5","next_prefix":"b1"},"14":{"id":260124,"text":"The instructions in this subsection refer to the numbers in braces before items in the form of notification in subsection (a)(5). Do not include the numbers or braces in the notification. The numbers and braces are used only for the purpose of these instructions.","type":"section","prefixes":["b","1"],"prefix":"1","entire_prefix":"b1","prefix_anchor":"b1","level":2,"prior_prefix":"b","next_prefix":"b2"},"15":{"id":260125,"text":"Include and complete item {1} only if there is a debtor that is not an addressee of the notification and list the name or names.","type":"section","prefixes":["b","2"],"prefix":"2","entire_prefix":"b2","prefix_anchor":"b2","level":2,"prior_prefix":"b1","next_prefix":"b3"},"16":{"id":260126,"text":"Include and complete either item {2}, if the notification relates to a public disposition of the collateral, or item {3}, if the notification relates to a private disposition of the collateral. If item {2} is included, include the words “to the highest qualified bidder” only if applicable.","type":"section","prefixes":["b","3"],"prefix":"3","entire_prefix":"b3","prefix_anchor":"b3","level":2,"prior_prefix":"b2","next_prefix":"b4"},"17":{"id":260127,"text":"Include and complete items {4} and {6}.","type":"section","prefixes":["b","4"],"prefix":"4","entire_prefix":"b4","prefix_anchor":"b4","level":2,"prior_prefix":"b3","next_prefix":"b5"},"18":{"id":260128,"text":"Include and complete item {5} only if the sender will charge the recipient for an accounting.","type":"section","prefixes":["b","5"],"prefix":"5","entire_prefix":"b5","prefix_anchor":"b5","level":2,"prior_prefix":"b4"}},"ancestry":[{"id":15263,"edition_id":1,"name":"Default and Enforcement of Security Interest","identifier":"1","label":"subpart","depth":3,"order_by":1,"parent_id":15262,"metadata":{},"date_created":"2026-06-26 03:53:25","date_modified":"2026-06-26 03:53:25","permalink":{"id":284295,"object_type":"structure","relational_id":15263,"identifier":"1","token":"8.9A\/6\/1","url":"\/8.9A\/6\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":15262,"edition_id":1,"name":"Default","identifier":"6","label":"part","depth":2,"order_by":1,"parent_id":13277,"metadata":{},"date_created":"2026-06-26 03:53:25","date_modified":"2026-06-26 03:53:25","permalink":{"id":284293,"object_type":"structure","relational_id":15262,"identifier":"6","token":"8.9A\/6","url":"\/8.9A\/6\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13277,"edition_id":1,"name":"Commercial Code \u2014 Secured Transactions","identifier":"8.9A","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:33","date_modified":"2026-06-26 03:44:33","permalink":{"id":283833,"object_type":"structure","relational_id":13277,"identifier":"8.9A","token":"8.9A","url":"\/8.9A\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":87391,"structure_id":15263,"section_number":"8.9A-601","catch_line":"Rights after default; judicial enforcement, consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes","url":"\/8.9A-601\/","token":"8.9A\/6\/1\/8.9A-601","metadata":false},{"id":74406,"structure_id":15263,"section_number":"8.9A-602","catch_line":"Waiver and variance of rights and duties","url":"\/8.9A-602\/","token":"8.9A\/6\/1\/8.9A-602","metadata":false},{"id":69348,"structure_id":15263,"section_number":"8.9A-603","catch_line":"Agreement on standards concerning rights and duties","url":"\/8.9A-603\/","token":"8.9A\/6\/1\/8.9A-603","metadata":false},{"id":61411,"structure_id":15263,"section_number":"8.9A-604","catch_line":"Procedure if security agreement covers real property or fixtures","url":"\/8.9A-604\/","token":"8.9A\/6\/1\/8.9A-604","metadata":false},{"id":69925,"structure_id":15263,"section_number":"8.9A-605","catch_line":"Unknown debtor or secondary obligor","url":"\/8.9A-605\/","token":"8.9A\/6\/1\/8.9A-605","metadata":false},{"id":82913,"structure_id":15263,"section_number":"8.9A-606","catch_line":"Time of default for agricultural lien","url":"\/8.9A-606\/","token":"8.9A\/6\/1\/8.9A-606","metadata":false},{"id":78656,"structure_id":15263,"section_number":"8.9A-607","catch_line":"Collection and enforcement by secured party","url":"\/8.9A-607\/","token":"8.9A\/6\/1\/8.9A-607","metadata":false},{"id":58414,"structure_id":15263,"section_number":"8.9A-608","catch_line":"Application of proceeds of collection or enforcement; liability for deficiency and right to surplus","url":"\/8.9A-608\/","token":"8.9A\/6\/1\/8.9A-608","metadata":false},{"id":76317,"structure_id":15263,"section_number":"8.9A-609","catch_line":"Secured party's right to take possession after default","url":"\/8.9A-609\/","token":"8.9A\/6\/1\/8.9A-609","metadata":false},{"id":83035,"structure_id":15263,"section_number":"8.9A-610","catch_line":"Disposition of collateral after default","url":"\/8.9A-610\/","token":"8.9A\/6\/1\/8.9A-610","metadata":false},{"id":69700,"structure_id":15263,"section_number":"8.9A-611","catch_line":"Notification before disposition of collateral","url":"\/8.9A-611\/","token":"8.9A\/6\/1\/8.9A-611","metadata":false},{"id":60808,"structure_id":15263,"section_number":"8.9A-612","catch_line":"Timeliness of notification before disposition of collateral","url":"\/8.9A-612\/","token":"8.9A\/6\/1\/8.9A-612","metadata":false},{"id":72203,"structure_id":15263,"section_number":"8.9A-613","catch_line":"Contents and form of notification before disposition of collateral; general","url":"\/8.9A-613\/","token":"8.9A\/6\/1\/8.9A-613","metadata":false},{"id":83544,"structure_id":15263,"section_number":"8.9A-614","catch_line":"Contents and form of notification before disposition of collateral; consumer-goods transaction","url":"\/8.9A-614\/","token":"8.9A\/6\/1\/8.9A-614","metadata":false},{"id":63326,"structure_id":15263,"section_number":"8.9A-615","catch_line":"Application of proceeds of disposition; liability for deficiency and right to surplus","url":"\/8.9A-615\/","token":"8.9A\/6\/1\/8.9A-615","metadata":false},{"id":58094,"structure_id":15263,"section_number":"8.9A-616","catch_line":"Explanation of calculation of surplus or deficiency","url":"\/8.9A-616\/","token":"8.9A\/6\/1\/8.9A-616","metadata":false},{"id":70895,"structure_id":15263,"section_number":"8.9A-617","catch_line":"Rights of transferee of collateral","url":"\/8.9A-617\/","token":"8.9A\/6\/1\/8.9A-617","metadata":false},{"id":74054,"structure_id":15263,"section_number":"8.9A-618","catch_line":"Rights and duties of certain secondary obligors","url":"\/8.9A-618\/","token":"8.9A\/6\/1\/8.9A-618","metadata":false},{"id":82499,"structure_id":15263,"section_number":"8.9A-619","catch_line":"Transfer of record or legal title","url":"\/8.9A-619\/","token":"8.9A\/6\/1\/8.9A-619","metadata":false},{"id":83620,"structure_id":15263,"section_number":"8.9A-620","catch_line":"Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral","url":"\/8.9A-620\/","token":"8.9A\/6\/1\/8.9A-620","metadata":false},{"id":69990,"structure_id":15263,"section_number":"8.9A-621","catch_line":"Notification of proposal to accept collateral","url":"\/8.9A-621\/","token":"8.9A\/6\/1\/8.9A-621","metadata":false},{"id":87445,"structure_id":15263,"section_number":"8.9A-622","catch_line":"Effect of acceptance of collateral","url":"\/8.9A-622\/","token":"8.9A\/6\/1\/8.9A-622","metadata":false},{"id":76014,"structure_id":15263,"section_number":"8.9A-623","catch_line":"Right to redeem collateral","url":"\/8.9A-623\/","token":"8.9A\/6\/1\/8.9A-623","metadata":false},{"id":86883,"structure_id":15263,"section_number":"8.9A-624","catch_line":"Waiver","url":"\/8.9A-624\/","token":"8.9A\/6\/1\/8.9A-624","metadata":false}],"previous_section":{"id":60808,"structure_id":15263,"section_number":"8.9A-612","catch_line":"Timeliness of notification before disposition of collateral","url":"\/8.9A-612\/","token":"8.9A\/6\/1\/8.9A-612","metadata":false},"next_section":{"id":83544,"structure_id":15263,"section_number":"8.9A-614","catch_line":"Contents and form of notification before disposition of collateral; consumer-goods transaction","url":"\/8.9A-614\/","token":"8.9A\/6\/1\/8.9A-614","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.9A-613\/","history_text":"

This law was first created in 2000. The record of its establishment is cataloged in chapter 1007<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2024, chapter 652<\/a>.<\/p>","references":[{"id":74406,"section_number":"8.9A-602","catch_line":"Waiver and variance of rights and duties","order_by":null,"url":"\/8.9A-602\/"},{"id":83544,"section_number":"8.9A-614","catch_line":"Contents and form of notification before disposition of collateral; consumer-goods transaction","order_by":null,"url":"\/8.9A-614\/"}],"refers_to":[{"id":83544,"section_number":"8.9A-614","catch_line":"Contents and form of notification before disposition of collateral; consumer-goods transaction","order_by":null,"url":"\/8.9A-614\/"}],"permalink":{"id":284345,"object_type":"law","relational_id":72203,"identifier":"8.9A-613","token":"8.9A\/6\/1\/8.9A-613","url":"\/8.9A-613\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.9A-613\/","token":"8.9A\/6\/1\/8.9A-613","dublin_core":{"Title":"Contents and form of notification before disposition of collateral; general","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.9A-613","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

a.<\/span> Contents and form of notification. Except in a consumer-goods transaction, the following rules apply: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> The contents of a notification of disposition<\/span> are sufficient if the notification: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

A.<\/span> describes the debtor and the secured party<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> describes the collateral<\/span> that is the subject of the intended disposition<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> states the method of intended disposition<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> states that the debtor is entitled to an accounting of the unpaid indebtedness and states the charge, if any, for an accounting; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> states the time and place of a public disposition<\/span> or the time after which any other disposition<\/span> is to be made. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Whether the contents of a notification that lacks any of the information specified in paragraph (1) are nevertheless sufficient is a question of fact<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> The contents of a notification providing substantially the information specified in paragraph (1) are sufficient, even if the notification includes: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

A.<\/span> information not specified by that paragraph; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> minor<\/span> errors that are not seriously misleading. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> A particular phrasing of the notification is not required. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> The following form of notification and the form appearing in § 8.9A-614<\/a> (a)(3), when completed in accordance with the instructions in subsection (b) and § 8.9A-614<\/a> (b), each provides sufficient information:\n\t\t\t\tNOTIFICATION OF DISPOSITION<\/span> OF COLLATERAL<\/span>\n\t\t\t\tTo: (Name of debtor, obligor, or other person to which the notification is sent)\n\t\t\t\tFrom: (Name, address, and telephone number of secured party<\/span>)\n\t\t\t\t{1} Name of any debtor that is not an addressee: (Name of each debtor)\n\t\t\t\t{2} We will sell (describe collateral<\/span>) (to the highest qualified bidder) at public sale. A sale could include a lease or license. The sale will be held as follows:\n\t\t\t\t(Date)\n\t\t\t\t(Time)\n\t\t\t\t(Place)\n\t\t\t\t{3} We will sell (describe collateral<\/span>) at private sale sometime after (date). A sale could include a lease or license.\n\t\t\t\t{4} You are entitled to an accounting of the unpaid indebtedness secured by the property that we intend to sell or, as applicable, lease or license.\n\t\t\t\t{5} If you request an accounting you must pay a charge of $ (amount).\n\t\t\t\t{6} You may request an accounting by calling us at (telephone number).\n\t\t\t\t[End of Form] <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

b.<\/span> Instructions for form of notification. The following instructions apply to the form of notification in subsection (a)(5): <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> The instructions in this subsection refer to the numbers in braces before items in the form of notification in subsection (a)(5). Do not include the numbers or braces in the notification. The numbers and braces are used only for the purpose of these instructions. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Include and complete item {1} only if there is a debtor that is not an addressee of the notification and list the name or names. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Include and complete either item {2}, if the notification relates to a public disposition<\/span> of the collateral<\/span>, or item {3}, if the notification relates to a private disposition<\/span> of the collateral<\/span>. If item {2} is included, include the words “to the highest qualified bidder” only if applicable. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> Include and complete items {4} and {6}. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> Include and complete item {5} only if the sender will charge the recipient for an accounting. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCONTENTS AND FORM OF NOTIFICATION BEFORE DISPOSITION OF COLLATERAL; GENERAL (\u00a7\n8.9A-613)\n\na. Contents and form of notification. Except in a consumer-goods transaction,\nthe following rules apply:\n\n 1. The contents of a notification of disposition are sufficient if the\n notification:\n\nA. describes the debtor and the secured party;\n\nB. describes the collateral that is the subject of the intended disposition;\n\nC. states the method of intended disposition;\n\nD. states that the debtor is entitled to an accounting of the unpaid\nindebtedness and states the charge, if any, for an accounting; and\n\nE. states the time and place of a public disposition or the time after which any\nother disposition is to be made.\n\n 2. Whether the contents of a notification that lacks any of the information\n specified in paragraph (1) are nevertheless sufficient is a question of fact.\n\n 3. The contents of a notification providing substantially the information\n specified in paragraph (1) are sufficient, even if the notification includes:\n\nA. information not specified by that paragraph; or\n\nB. minor errors that are not seriously misleading.\n\n 4. A particular phrasing of the notification is not required.\n\n 5. The following form of notification and the form appearing in §\n 8.9A-614 (a)(3), when completed in accordance with the instructions in\n subsection (b) and § 8.9A-614 (b), each provides sufficient information:\n \t\t\t\tNOTIFICATION OF DISPOSITION OF COLLATERAL\n \t\t\t\tTo: (Name of debtor, obligor, or other person to which the notification is\n sent)\n \t\t\t\tFrom: (Name, address, and telephone number of secured party)\n \t\t\t\t{1} Name of any debtor that is not an addressee: (Name of each debtor)\n \t\t\t\t{2} We will sell (describe collateral) (to the highest qualified bidder)\n at public sale. A sale could include a lease or license. The sale will be held\n as follows:\n \t\t\t\t(Date)\n \t\t\t\t(Time)\n \t\t\t\t(Place)\n \t\t\t\t{3} We will sell (describe collateral) at private sale sometime after\n (date). A sale could include a lease or license.\n \t\t\t\t{4} You are entitled to an accounting of the unpaid indebtedness secured\n by the property that we intend to sell or, as applicable, lease or license.\n \t\t\t\t{5} If you request an accounting you must pay a charge of $ (amount).\n \t\t\t\t{6} You may request an accounting by calling us at (telephone number).\n \t\t\t\t[End of Form]\n\nb. Instructions for form of notification. The following instructions apply to\nthe form of notification in subsection (a)(5):\n\n 1. The instructions in this subsection refer to the numbers in braces before\n items in the form of notification in subsection (a)(5). Do not include the\n numbers or braces in the notification. The numbers and braces are used only\n for the purpose of these instructions.\n\n 2. Include and complete item {1} only if there is a debtor that is not an\n addressee of the notification and list the name or names.\n\n 3. Include and complete either item {2}, if the notification relates to a\n public disposition of the collateral, or item {3}, if the notification relates\n to a private disposition of the collateral. If item {2} is included, include\n the words “to the highest qualified bidder” only if applicable.\n\n 4. Include and complete items {4} and {6}.\n\n 5. Include and complete item {5} only if the sender will charge the recipient\n for an accounting.\n\nHISTORY: 2000, c. 1007; 2024, c. 652.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}