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) | |
{1} Name of debtor that is not an addressee: | |
(Name of each debtor) | |
{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: | |
(Date: _____ ) | |
(Time: _____ ) | |
(Place: _____ ) | |
{3} We will sell (describe collateral) at private sale sometime after (date). A sale could include a lease or license. | |
{4} You are entitled to an accounting of the unpaid indebtedness secured by the property we intend to sell or, as applicable, lease or license. | |
{5} If you request an accounting, you must pay a charge of $(amount). | |
{6} You may request an accounting by calling us at (telephone number). |
Source. 2001, 102:25, eff. July 1, 2001. 2023, 236:69, eff. Oct. 7, 2023.