Timeliness of notification before disposition of collateral.

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  4. Timeliness of notification before disposition of collateral.

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TIMELINESS OF NOTIFICATION BEFORE DISPOSITION OF COLLATERAL

(a) Except as otherwise provided in subsection (b) of this section, whether a notification is sent within a reasonable time is a question of fact.

(b) In a transaction other than a consumer transaction, a notification of disposition sent after default and ten (10) days or more before the earliest time of disposition set forth in the notification is sent within a reasonable time before the disposition.

Added by Laws 2000, c. 371, § 119, eff. July 1, 2001.


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