Tex. Business & Commerce Code § 9.614
This is the official text of Tex. Business & Commerce Code § 9.614, part of Texas’s Business & Commerce Code — governs commercial transactions and general business practices.
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§ 9.614.
Official statutory text
Sec. 9.614. CONTENTS AND FORM OF NOTIFICATION BEFORE DISPOSITION OF COLLATERAL: CONSUMER-GOODS TRANSACTION. In a consumer-goods transaction, the following rules apply:
(1) A notification of disposition must provide the following information:
(A) the information specified in Section 9.613(1);
(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 9.623 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.
(3) The following form of notification, when completed, provides sufficient information:
Date:_______________________________________
Time:_______________________________________
Place:______________________________________
(4) A notification in the form of Subdivision (3) is sufficient, even if additional information appears at the end of the form.
(5) A notification in the form of Subdivision (3) is sufficient, even if it includes errors in information not required by Subdivision (1), unless the error is misleading with respect to rights arising under this chapter.
(6) If a notification under this section is not in the form of Subdivision (3), law other than this chapter determines the effect of including information not required by Subdivision (1).
(1) A notification of disposition must provide the following information:
(A) the information specified in Section 9.613(1);
(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 9.623 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.
(3) The following form of notification, when completed, provides sufficient information:
Date:_______________________________________
Time:_______________________________________
Place:______________________________________
(4) A notification in the form of Subdivision (3) is sufficient, even if additional information appears at the end of the form.
(5) A notification in the form of Subdivision (3) is sufficient, even if it includes errors in information not required by Subdivision (1), unless the error is misleading with respect to rights arising under this chapter.
(6) If a notification under this section is not in the form of Subdivision (3), law other than this chapter determines the effect of including information not required by Subdivision (1).
Status: in_force · Read it on the official government site
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