This legal document governs the contents and form of notification before the disposition of collateral in consumer-goods transactions. It specifies the information that must be included in a notification of disposition, such as the details specified in Section 9-613(a)(1), a description of any liability for a deficiency, a telephone number for redeeming the collateral, and a telephone number or mailing address for additional information. The document states that a particular phrasing of the notification is not required.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the application of proceeds from the disposition of collateral by a secured party. It outlines the order in which the cash proceeds should be applied, including expenses, satisfaction of obligations secured by the security interest, and satisfaction of obligations secured by subordinate security interests or liens. The document also addresses the application of noncash proceeds and the rights of debtors and obligors in cases of surplus or deficiency.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the calculation of surplus or deficiency in consumer-goods transactions. It applies to secured parties, debtors, and consumer obligors involved in such transactions. The document outlines the requirements for providing an explanation of the surplus or deficiency to the debtor or consumer obligor after the disposition of collateral. The explanation must include specific information such as the amount of obligations secured by the security interest, the amount of proceeds from the disposition, expenses related to the disposition, and any credits or rebates to which the obligor is entitled.

This legal provision, found in the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the rights of a transferee of collateral in the event of default. When a secured party disposes of collateral after default, the transferee for value acquires all of the debtor’s rights in the collateral. Additionally, the disposition discharges the security interest under which it is made and any subordinate security interest or lien. A transferee that acts in good faith takes free of the rights and interests of the secured party, even if the secured party fails to comply with the requirements of this article or any judicial proceeding.

(a) Rights and duties of secondary obligor. A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor: (1) receives an assignment of a secured obligation from the secured party; (2) receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or (3) is subrogated to the rights of a secured party with respect to collateral.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the transfer of record or legal title. It defines a ’transfer statement’ as a record signed by a secured party that indicates the debtor’s default, the secured party’s exercise of post-default remedies, the acquisition of the debtor’s rights by a transferee, and the relevant parties’ names and addresses. The transfer statement entitles the transferee to the transfer of record of all rights of the debtor in the specified collateral in any official filing, recording, registration, or certificate-of-title system.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the acceptance of collateral in full or partial satisfaction of an obligation. It outlines the conditions under which a secured party may accept collateral, including obtaining the debtor’s consent, not receiving objections from certain parties, and compliance with specific requirements for consumer goods. The document also specifies the effectiveness of acceptance, the debtor’s consent process, and the mandatory disposition of consumer goods by the secured party.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the process of accepting collateral in full or partial satisfaction of a secured obligation. It specifies that a secured party wishing to accept collateral must send a proposal to various parties, including those who have previously claimed an interest in the collateral, other secured parties or lienholders who held a security interest in the collateral before the debtor’s consent, and secured parties who have a perfected security interest in the collateral through compliance with relevant statutes, regulations, or treaties.

(a) Effect of acceptance. A secured party’s acceptance of collateral in full or partial satisfaction of the obligation it secures: (1) discharges the obligation to the extent consented to by the debtor; (2) transfers to the secured party all of a debtor’s rights in the collateral; (3) discharges the security interest or agricultural lien that is the subject of the debtor’s consent and any subordinate security interest or other subordinate lien; and (4) terminates any other subordinate interest.

(a) Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral. (b) Requirements for redemption. To redeem collateral, a person shall tender: (1) fulfillment of all obligations secured by the collateral; and (2) the reasonable expenses and attorney’s fees described in Section 9-615(a)(1). (c) When redemption may occur. A redemption may occur at any time before a secured party: (1) has collected collateral under Section 9-607; (2) has disposed of collateral or entered into a contract for its disposition under Section 9-610; or (3) has accepted collateral in full or partial satisfaction of the obligation it secures under Section 9-622.