Utah § 70A-9a-613 Contents and form of notification before disposition of collateral -- General.

Utah Statutes

§ 70A-9a-613 — Contents and form of notification before disposition of collateral -- General.

Utah·Title 70A Uniform Commercial Code·Ch. 70A-9a Uniform Commercial Code - Secured Transactions·Part 70A-9a-6 Default

Except in a consumer-goods transaction, the following rules apply:

(1)The contents of a notification of disposition are sufficient if the notification:

(1)(a) describes the debtor and the secured party;

(1)(b) describes the collateral that is the subject of the intended disposition;

(1)(c) states the method of intended disposition;

(1)(d) states that the debtor is entitled to an accounting of the unpaid indebtedness and states the charge, if any, for an accounting; and

(1)(e) states the time and place of a public disposition or the time after which any other disposition is to be made.

(2)Whether the contents of a notification that lacks any of the information specified in Subsection (1) are nevertheless sufficient is a question of fact.

(3)The contents of a notification providing subst

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Except in a consumer-goods transaction, the following rules apply:
(1) The contents of a notification of disposition are sufficient if the notification:

(1)(a) describes the debtor and the secured party;
(1)(b) describes the collateral that is the subject of the intended disposition;
(1)(c) states the method of intended disposition;
(1)(d) states that the debtor is entitled to an accounting of the unpaid indebtedness and states the charge, if any, for an accounting; and
(1)(e) states the time and place of a public disposition or the time after which any other disposition is to be made.
(2) Whether the contents of a notification that lacks any of the information specified in Subsection (1) are nevertheless sufficient is a question of fact.
(3) The contents of a notification providing substantially the information specified in Subsection (1) are sufficient, even if the notification includes:

(3)(a) information not specified by that subsection; or
(3)(b) minor errors that are not seriously misleading.
(4) A particular phrasing of the notification is not required.
(5) The following form of notification and the form appearing in Subsection 70A-9a-614(3), when completed, each provides sufficient information:NOTIFICATION OF DISPOSITION OF COLLATERAL To: [Name of debtor, obligor, or other person to which the notification is sent] From: [Name, address, and telephone number of secured party] Name of Debtor(s): [Include only if debtor(s) are not an addressee] [For a public disposition:] We will sell [or lease or license, as applicable] the [describe collateral] [to the highest qualified bidder] in public as follows: Day and Date: [Insert day and date] Time: [Insert time] Place: [Insert place] [For a private disposition:] We will sell [or lease or license, as applicable] the [describe collateral] privately sometime after [day and date]. 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 $[Insert amount] ]. You may request an accounting by calling us at [telephone number].

Utah § 70A-9a-613 (Contents and form of notification before disposition of collateral -- General.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.