Legislation
SECTION 9-612
Timeliness of Notification Before Disposition of Collateral
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 9, PART 6, SUBPART 1
Section 9--612. Timeliness of Notification Before Disposition of
Collateral.
(a) Reasonable time is question of fact. Except as otherwise provided
in subsection (b), whether a notification is sent within a reasonable
time is a question of fact.
(b) 10-day period sufficient in non-consumer transaction. In a
transaction other than a consumer transaction, a notification of
disposition sent after default and 10 days or more before the earliest
time of disposition set forth in the notification is sent within a
reasonable time before the disposition.
Collateral.
(a) Reasonable time is question of fact. Except as otherwise provided
in subsection (b), whether a notification is sent within a reasonable
time is a question of fact.
(b) 10-day period sufficient in non-consumer transaction. In a
transaction other than a consumer transaction, a notification of
disposition sent after default and 10 days or more before the earliest
time of disposition set forth in the notification is sent within a
reasonable time before the disposition.