RCW 62A.9A-611
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/wa/title-62a/chapter-62a-9a/62a-9a-611·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)"Notification date." In this section, "notification date" means the earlier of the date on which:
(1)A secured party sends to the debtor and any secondary obligor a signed notification of disposition; or
(2)The debtor and any secondary obligor waive the right to notification.
(b)Notification of disposition required. Except as otherwise provided in subsection
(d)of this section, a secured party that disposes of collateral under RCW 62A.9A-610 shall send to the persons specified in subsection
(c)of this section a reasonable signed notification of disposition.
(c)Persons to be notified. To comply with subsection
(b)of this section, the secured party shall send a signed notification of disposition to:
(1)The debtor;
(2)Any secondary obligor; and
(3)If the collateral is other than consumer goods:
(A)Any other secured party or lienholder that, 10 days before the notification date, held a security interest in or other lien on the collateral perfected by the filing of a financing statement that:
(i)Identified the collateral;
(ii)Was indexed under the debtor's name as of that date; and
(iii)Was filed in the office in which to file a financing statement against the debtor covering the collateral as of that date; and
(B)Any other secured party that, 10 days before the notification date, held a security interest in the collateral perfected by compliance with a statute, regulation, or treaty described in RCW 62A.9A-311 (a).
(d)Subsection
(b)of this section inapplicable: Perishable collateral; recognized market. Subsection
(b)of this section does not apply if the collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market.
(e)Compliance with subsection (c)(3)(A) of this section. A secured party complies with the requirement for notification prescribed by subsection (c)(3)(A) of this section if:
(1)Not later than 20 days or earlier than 30 days before the notification date, the secured party requests, in a commercially reasonable manner, information concerning financing statements indexed under the debtor's name in the office indicated in subsection (c)(3)(A) of this section; and
(2)Before the notification date, the secured party:
(A)Did not receive a response to the request for information; or
(B)Received a response to the request for information and sent a signed notification of disposition to each secured party or other lienholder named in that response whose financing statement covered the collateral.
[ 2023 c 266 s 941 ; 2011 c 74 s 724 ; 2000 c 250 s 9A-611.]
Notes:
Construction — Effective date — 2023 c 266: See notes following RCW 62A.12-101 .
Application — Effective date — 2011 c 74: See notes following RCW 62A.9A-102 .