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Can you summarize NVRS 104.9613?
Uniform Commercial CodeOriginal Articles > Contents and form of notification before disposition of collateral: General.
Short Summary
This legal document governs the contents and form of notification that must be provided before the disposition of collateral, except in consumer-goods transactions. The document specifies the necessary information that must be included in the notification, such as describing the debtor and secured party, providing details about the collateral, stating the method of intended disposition, mentioning the debtor’s entitlement to an accounting of the unpaid indebtedness, and specifying the time and place of a public disposition or the time after which any other disposition is to be made. The document also clarifies that minor errors or additional information not specified in the document may still be considered sufficient. It provides a suggested form of notification that can be used, either for a public disposition or a private disposition. No specific penalties are mentioned in this document.
Whom does it apply to?
Creditors and debtors involved in non-consumer-goods transactions
What does it govern?
Notification before disposition of collateral
What are exemptions?
This document does not apply to consumer-goods transactions.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Nevada