2023 New York Laws › UCC - Uniform Commercial Code › Article 9 - Secured Transactions › Part 6 - Default › Sub Part 1 - Default and Enforcement of Security Interest › 9-614 - Contents and Form of Notification Before Disposition of Collateral: Consumer-Goods Transaction

Section 9--614. Contents  and Form of Notification Before Disposition of
Collateral: Consumer-goods Transaction.
In a consumer-goods transaction, the following rules apply:
(a) A  notification  of  disposition  must   provide   the   following
information:
(1) the information specified in Section 9--613(a);
(2) a description of any liability for a deficiency of the person
to which the notification is sent;
(3) a telephone number from which the amount that must be paid to
the  secured  party  to  redeem  the collateral under Section
9--623 is available; and
(4) a telephone number or mailing address from  which  additional
information  concerning  the  disposition  and the obligation
secured is available.
(b) A particular phrasing of the notification is not required.
(c) 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 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)
(d) A notification in the form of subsection (c) is  sufficient,  even
if additional information appears at the end of the form.
(e) A  notification  in the form of subsection (c) is sufficient, even
if it includes errors in information not  required  by  subsection  (a),

unless the error is misleading with respect to rights arising under this
article.
(f) If  a  notification  under  this  section  is  not  in the form of
subsection (c), law other than this article  determines  the  effect  of
including information not required by subsection (a).