12A:9-612 Timeliness of notification before disposition of collateral.
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/nj/title-12a/chapter-9/12a-9-612A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Timeliness of Notification Before Disposition of Collateral.
(a)Reasonable time is question of fact. Except as otherwise provided in subsection (b), whether a notification is sent within a reasonable time is a question of fact.
(b)10-day period sufficient in non-consumer transaction. In a transaction other than a consumer transaction, a notification of disposition sent after default and 10 days or more before the earliest time of disposition set forth in the notification is sent within a reasonable time before the disposition.
L.2001, c.117, s.1; amended 2001, c.386, s.101.