This form may be used to notify the debtor, any secondary obligor, and other secured parties in any transaction other than a consumer-goods transaction. See Tex. Bus. & Com. Code § 9.613. The notice should be sent to each party by certified mail, return receipt requested. This form may be used in connection with either a public or a private sale. For a form to be used in consumer transactions, see form 5-4 in this chapter.
Notification of Disposition of Collateral
To: [name and address of debtor, obligor, or other notice recipient]
From: [name, address, and telephone number of secured party]
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Include the following in a notice to persons other than the debtor. |
Name[s] of Debtor[s]: [name[s] of debtor[s]]
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Select the following for a public sale. |
We will [sell/lease/license] the [describe collateral] [include if applicable: to the highest qualified bidder] in public as follows:
Date: [date of sale]
Time: [time of sale]
Place: [physical address of sale]
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Select the following for a private sale. |
We will [sell/lease/license] the [describe collateral] privately sometime after [day and date]. A sale could include a lease or license.
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Continue with the following. |
You are entitled to an accounting of the unpaid indebtedness secured by the property that we intend to [sell/lease/license] [include if applicable: for a charge of $[amount]]. You may request an accounting by calling us at [telephone number].
[Name of attorney]
Certified Mail No. [number]
Return Receipt Requested
c: [name of creditor]