_____ [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: _____ [Identification of 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 $_____ 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] |
_____ [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: _____ [Identification of Transaction] _____ |
We have your _____ [describe collateral] _____, because you broke promises in our agreement. |
We will sell _____ (describe type of motor vehicle) _____ |
beginning on _____ (date) _____ |
by offering it for retail sale or lease to the general public through |
(select the applicable provision:) |
(A) Name of dealer |
Address of dealer |
You may inspect the motor vehicle and encourage people to purchase or lease it. |
(or) |
(B) Advertising it for sale to the general public to be purchased from _____ (name of secured creditor) _____ |
at _____ (address where vehicle is to be sold) _____ |
You may inspect the motor vehicle and encourage people to purchase or lease it. |
Ca. Com. Code § 9614