_____________________________________________________________________
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 ___________________________, because you broke promises in our agreement.
(describe collateral)
[COMPLETE SECTION FOR ONLY ONE TYPE OF SALE, CROSS OFF OTHER TWO TYPES]
(For a public disposition:)
We will sell ______________________________, at public sale. A sale could
include a lease or license.
(describe collateral)
The sale will be held as follows:
Date: ________________________________;
Time: ________________________________;
Place: _______________________________;
You may attend the sale and bring bidders if you want.
(For a public disposition pursuant to Section 9614(7)(A) or (7)(B)):
We will sell ____________________________________________________________ ;
beginning on
(describe
type of motor vehicle)
_________________ by offering it for retail
sale or lease to the general public through:
(date)
(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 ________
___________________________________________________________________ at
(name of secured creditor)
____________________________________________. You may inspect the
motor
(address where vehicle is to be sold)
vehicle and encourage people to purchase or lease it.
(For a private disposition:)
We will sell _____________________________ at private sale sometime after _______________.
(describe collateral)
(date)
A sale could include a lease or license.
(REGARDLESS OF TYPE OF SALE, ADD THE FOLLOWING:)
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
_________________________ still owe us the difference. If we get more
money
(will or will not, as applicable)
than you owe, you will get the
extra money, unless we must pay it to someone else. 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, include extension)
If you want us to explain
to you in writing how we have
figured the amount that you owe us,
you may call us at
_______________________________
(or write us at _______________
(telephone number, include ext. )
________________________________________________________________) and
(secured party's address, attn. specify person)
request a written explanation. (We will charge you $ ____ [insert a figure
which is not more than $25.00] for the
explanation if we sent you another written explanation of the amount you owe us
within the last six months.) If you need more information about the sale call us
at _____________________ (or write us at ______________
(telephone
number)
___________________________________________________________________________________.
(secured party's address)
We are sending this notice to the following
other people who have an interest in ______________________
_______________________ or who owe money under your agreement:
(describe collateral)
_____________________________________________________
(Names of all other debtors and obligors, if any)
______________________ Credit
Union
___________________________________
BY:____________________________
Title:___________________________
[* The information in bold is instructional information. It does not need to be on the completed form, nor do prompts on how to fill in the blanks. Revised Article 9 requires the completed Form to be signed. It must be sent to each person (or company) who is liable on the loan or has an interest in the collateral. For detailed instructions on how to complete the Form, or additional information, which can be included in an addendum, which is helpful to Credit Union members (but not required by law) contact the Law Offices of A. Lysa Simon. culawyer@socal.rr.com
We also have available to purchase by our clients Repossessions and Liquidations under Revised Article 9 and a separate Repossession Check List.]