Section 11-9-613. Contents and form of notification before disposition of collateral; general.

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

   (1) The contents of a notification of disposition are sufficient if the notification:

      (A) Describes the debtor and the secured party;

      (B) Describes the collateral that is the subject of the intended disposition;

      (C) States the method of intended disposition;

      (D) States that the debtor is entitled to an accounting of the unpaid indebtedness and states the charge, if any, for an accounting; and

      (E) 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:

      (A) Information not specified by that paragraph; or

      (B) 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:


 
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)
      Name of Debtor(s): (Include only if debtor(s) is (are) not an addressee) 
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
 
 
 

      (For a public disposition:)
      We will sell (or lease or license, as applicable) the (describe 
      collateral) to the highest qualified bidder in public as follows:
      Day and date:        
      Time:        
      Place:        
 
 
 

      (For a private disposition:)
      We will sell (or lease or license, as applicable) the (describe 
      collateral) privately sometime after (day and date) .
      You are entitled to an accounting of the unpaid indebtedness secured by 
      the property that we intend to sell (or lease or license, as applicable) 
      (for a charge of $       ). You may request an accounting by calling us 
      at (telephone number) .

Code 1981, § 11-9-613, enacted by Ga. L. 2001, p. 362, § 1.