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Okla. Stat. tit. 12A, § 12A-1-9-613

This is the official text of Okla. Stat. tit. 12A, § 12A-1-9-613, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.

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Contents and form of notification before disposition

Official statutory text

of collateral: general.

CONTENTS AND FORM OF NOTIFICATION

BEFORE DISPOSITION OF COLLATERAL: GENERAL

(a) Except in a consumer-goods transaction, the following rules

apply:

(1) The contents of a notification of disposition are

sufficient if the notification:

(A) describes the debtor and the secured party;

(B) describes the collateral that is the subject of the

intended disposition;

(C) states the method of intended disposition;

(D) states that the debtor is entitled to an accounting of

the unpaid indebtedness and states the charge, if any,

for an accounting; and

(E) states the time and place of a public disposition or

the time after which any other disposition is to be

made.

(2) Whether the contents of a notification that lacks any of

the information specified in paragraph (1) of this section are

nevertheless sufficient is a question of fact.

(3) The contents of a notification providing substantially the

information specified in paragraph (1) of this section are

sufficient, even if the notification includes:

(A) information not specified by that paragraph; or

(B) minor errors that are not seriously misleading.

(4) A particular phrasing of the notification is not required.

(5) The following form of notification and the form appearing

in paragraph (3) of subsection (a) of Section 1-9-614 of this title,

when completed in accordance with the instructions in subsection (b)

of this section and subsection (b) of Section 1-9-614 of this title,

each provides sufficient information:

NOTIFICATION OF DISPOSITION OF COLLATERAL

To: (Name of debtor, obligor, or other person to which the

notification is sent)

From: (Name, address, and telephone number of secured party)

{1} Name of any debtor that is not an addressee: (Name of each

debtor)

{2} We will sell (describe collateral) (to the highest qualified

bidder) at public sale. A sale could include a lease or license.

The sale will be held as follows:

(Date)

(Time)

(Place)

{3} We will sell (describe collateral) at private sale sometime

after (date). A sale could include a lease or license.

Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 145

{4} You are entitled to an accounting of the unpaid indebtedness

secured by the property that we intend to sell or, as applicable,

lease or license.

{5} If you request an accounting, you must pay a charge of $

(amount).

{6} You may request an accounting by calling us at (telephone

number).

[End of Form]

(b) The following instructions apply to the form of

notification in paragraph (5) of subsection (a) of this section:

(1) The instructions in this paragraph refer to the numbers in

braces before items in the form of notification in paragraph (5) of

subsection (a) of this section. Do not include the numbers or

braces in the notification. The numbers and braces are used only

for the purpose of these instructions.

(2) Include and complete item {1} only if there is a debtor

that is not an addressee of the notification and list the name or

names.

(3) Include and complete either item {2}, if the notification

relates to a public disposition of the collateral, or item {3}, if

the notification relates to a private disposition of the collateral.

If item {2} is included, include the words "to the highest qualified

bidder" only if applicable.

(4) Include and complete items {4} and {6}.

(5) Include and complete item {5} only if the sender will

charge the recipient for an accounting.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.