Okla. Stat. tit. 12A, § 12A-1-9-614

This is the official text of Okla. Stat. tit. 12A, § 12A-1-9-614, 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: consumer-goods transaction.

CONTENTS AND FORM OF NOTIFICATION BEFORE

DISPOSITION OF COLLATERAL: CONSUMER-GOODS TRANSACTION

(a) In a consumer-goods transaction, the following rules apply:

(1) A notification of disposition must provide the following

information:

(A) the information specified in paragraph (1) of

subsection (a) of Section 1-9-613 of this title;

(B) a description of any liability for a deficiency of the

person to which the notification is sent;

(C) a telephone number from which the amount that must be

paid to the secured party to redeem the collateral

under Section 1-9-623 of this title is available; and

(D) a telephone number or mailing address from which

additional information concerning the disposition and

the obligation secured is available.

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

Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 146

(3) The following form of notification, when completed in

accordance with the instructions in subsection (b) of this section,

provides sufficient information:

(Name and address of secured party)

(Date)

NOTICE OF OUR PLAN TO SELL PROPERTY

(Name and address of any obligor who is also a debtor)

Subject: (Identify transaction)

We have your (describe collateral), because you broke promises

in our agreement.

{1} We will sell (describe collateral) at public sale. A sale

could include a lease or license. The sale will be held as follows:

(Date)

(Time)

(Place)

You may attend the sale and bring bidders if you want.

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

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

{3} The money that we get from the sale, after paying our costs,

will reduce the amount you owe. If we get less money than you owe,

you (will or will not, as applicable) still owe us the difference.

If we get more money than you owe, you will get the extra money,

unless we must pay it to someone else.

{4} You can get the property back at any time before we sell it

by paying us the full amount you owe, not just the past due

payments, including our expenses. To learn the exact amount you

must pay, call us at (telephone number).

{5} If you want us to explain to you in (writing) (writing or in

(description of electronic record)) (description of electronic

record) how we have figured the amount that you owe us, {6} Call us

at (telephone number) (or) (write us at (secured party's address))

(or contact us by (description of electronic communication method))

{7} and request (a written explanation) (a written explanation or an

explanation in (description of electronic record)) (an explanation

in (description of electronic record)).

{8} We will charge you $ (amount) for the explanation if we sent

you another written explanation of the amount you owe us within the

last six months.

{9} If you need more information about the sale (call us at

(telephone number)) (or) (write us at (secured party's address)) (or

contact us by (description of electronic communication method)).

{10} We are sending this notice to the following other people

who have an interest in (describe collateral) or who owe money under

your agreement:

(Names of all other debtors and obligors, if any)

[End of Form]

Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 147

(4) A notification in the form of paragraph (3) of this

subsection is sufficient, even if additional information appears at

the end of the form.

(5) A notification in the form of paragraph (3) of this

subsection is sufficient, even if it includes errors in information

not required by paragraph (1) of this subsection, unless the error

is misleading with respect to rights arising under this article.
notification in the form of paragraph (3) of this

subsection is sufficient, even if additional information appears at

the end of the form.

(5) A notification in the form of paragraph (3) of this

subsection is sufficient, even if it includes errors in information

not required by paragraph (1) of this subsection, unless the error

is misleading with respect to rights arising under this article.

(6) If a notification under this section is not in the form of

paragraph (3) of this subsection, law other than this article

determines the effect of including information not required by

paragraph (1) of this subsection.

(b) The following instructions apply to the form of

notification in paragraph (3) of subsection (a) of this section:

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

braces before items in the form of notification in paragraph (3) 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 either item {1}, if the notification

relates to a public disposition of the collateral, or item {2}, if

the notification relates to a private disposition of the collateral.

(3) Include and complete items {3}, {4}, {5}, {6}, and {7}.

(4) In item {5}, include and complete any one of the three

alternative methods for the explanation — writing, writing or

electronic record, or electronic record.

(5) In item {6}, include the telephone number. In addition,

the sender may include and complete either or both of the two

additional alternative methods of communication - writing or

electronic communication - for the recipient of the notification to

communicate with the sender. Neither of the two additional methods

of communication is required to be included.

(6) In item {7}, include and complete the method or methods for

the explanation — writing, writing or electronic record, or

electronic record — included in item {5}.

(7) Include and complete item {8} only if a written explanation

is included in item {5} as a method for communicating the

explanation and the sender will charge the recipient for another

written explanation.

(8) In item {9}, include either the telephone number or the

address or both the telephone number and the address. In addition,

the sender may include and complete the additional method of

communication - electronic communication - for the recipient of the

notification to communicate with the sender. The additional method

of electronic communication is not required to be included.

(9) If item {10} does not apply, insert "None" after

"agreement:".

Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 148

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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.