§ 34.1-9-614 — Contents and form of notification before disposition of collateral: consumer-goods transaction

Wyoming § 34.1-9-614

• Jurisdiction: Wyoming
• Title 34.1: Uniform Commercial Code
• Art. 9: SECURED TRANSACTIONS

Text

(a) In a consumer-goods transaction, the following rules
apply:
(i) A notification of disposition must provide the
following information:
(A) The information specified in section
34.1-9-613(a)(i);
(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 34.1-9-623 is available; and
(D) A telephone number or mailing address from
which additional information concerning the disposition and the
obligation secured is available.
(ii) A particular phrasing of the notification is not
required;
(iii) 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.
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 six (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
(iv) A notification in the form of paragraph (iii) is
sufficient, even if additional information appears at the end of
the form;
(v) A notification in the form of paragraph (iii) is
sufficient, even if it includes errors in information not
required by paragraph (i), unless the error is misleading with
respect to rights arising under this article;
(vi) If a notification under this section is not in
the form of paragraph (iii), law other than this article
determines the effect of including information not required by
paragraph (i).