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Can you summarize NVRS 104.9614?
Uniform Commercial CodeOriginal Articles > Contents and form of notification before disposition of collateral: Consumer-goods transaction.
Short Summary
This legal document outlines the rules and requirements for providing notification before the disposition of collateral in consumer-goods transactions. It applies to parties involved in such transactions. The notification must include specific information, such as details specified in NRS 104.9613, a description of liability for deficiency, contact information for redeeming the collateral, and contact information for additional information. The document provides a suggested form of notification, but it states that a particular phrasing is not required. It also clarifies that errors in non-required information are generally acceptable unless they are misleading. If the notification does not follow the suggested form, other laws determine the effect of including non-required information. Overall, this document ensures that proper notification is given before the disposition of collateral in consumer-goods transactions.
Whom does it apply to?
Parties involved in consumer-goods transactions
What does it govern?
Notification before disposition of collateral in consumer-goods transactions
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Nevada