554.9612 Timeliness of notification before disposition of collateral.
81 words·~1 min read·
/ia/chapter-554-uniform-commercial-code/554-9612A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. Reasonable time is question of fact. Except as otherwise provided in subsection 2, whether a notification is sent within a reasonable time is a question of fact.
2. Ten-day period sufficient in nonconsumer transaction. In a transaction other than a consumer transaction, a notification of disposition sent after default and ten days or more before the earliest time of disposition set forth in the notification is sent within a reasonable time before the disposition.
2000 Acts, ch 1149, §110, 187