Contents and Form of Notification Before Disposition of Collateral; General

  1. Law
  2. Georgia Code
  3. Commercial Code
  4. Secured Transactions
  5. Default
  6. Contents and Form of Notification Before Disposition of Collateral; General

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Except in a consumer goods transaction, the following rules apply:

  1. The contents of a notification of disposition are sufficient if the notification:
    1. Describes the debtor and the secured party;
    2. Describes the collateral that is the subject of the intended disposition;
    3. States the method of intended disposition;
    4. States that the debtor is entitled to an accounting of the unpaid indebtedness and states the charge, if any, for an accounting; and
    5. States the time and place of a public disposition or the time after which any other disposition is to be made;
  2. Whether the contents of a notification that lacks any of the information specified in paragraph (1) of this Code section are nevertheless sufficient is a question of fact;
  3. The contents of a notification providing substantially the information specified in paragraph (1) of this Code section are sufficient, even if the notification includes:
    1. Information not specified by that paragraph; or
    2. Minor errors that are not seriously misleading;
  4. A particular phrasing of the notification is not required; and
  5. The following form of notification and the form appearing in paragraph (3) of Code Section 11-9-614, when completed, each provides sufficient information:

RESEARCH REFERENCES

U.L.A.

- Uniform Commercial Code (U.L.A.) § 9-613.


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