2023 Pennsylvania Consolidated & Unconsolidated Statutes › Title 13 - COMMERCIAL CODE › Chapter 96 - Default › Section 9614 - Contents and form of notification before disposition of collateral: consumer-goods transaction

§ 9614. Contents and form of notification before disposition of collateral: consumer-goods transaction.
In a consumer-goods transaction, the following rules apply:
(1) A notification of disposition must provide the following information:
(i) the information specified in section 9613(1) (relating to contents and form of notification before disposition of collateral: general);
(ii) a description of any liability for a deficiency of the person to which the notification is sent;
(iii) a telephone number from which the amount which must be paid to the secured party to redeem the collateral under section 9623 (relating to right to redeem collateral) is available; and
(iv) a telephone number or mailing address from which additional information concerning the disposition and the obligation secured is available.
(2) A particular phrasing of the notification is not required.
(3) 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)
(End of Form)
(4) A notification in the form of paragraph (3) is sufficient even if additional information appears at the end of the form.
(5) A notification in the form of paragraph (3) is sufficient even if it includes errors in information not required by paragraph (1) unless the error is misleading with respect to rights arising under this division.
(6) If a notification under this section is not in the form of paragraph (3), law other than this division determines the effect of including information not required by paragraph (1).
Cross References.
Section 9614 is referred to in sections 9602, 9613 of this title.