355.9-613 Contents and form of notification before disposition of collateral: General. Except in a consumer-goods transaction, the following rules apply: (1) The contents of a notification of disposition are sufficient if the notification: (a) Describes the debtor and the secured party; (b) Describes the collateral that is the subject of the intended disposition; (c) States the method of intended disposition; (d) States that the debtor is entitled to an accounting of the unpaid indebtedness and states the charge, if any, for an accounting; and (e) States the time and place of a public disposition or the time after which any other disposition is to be made. (2) Whether the contents of a notification that lacks any of the information specified in subsection (1) of this section are nevertheless sufficient is a question of fact. (3) The contents of a notification providing substantially the information specified in subsection (1) of this section are sufficient, even if the notification includes: (a) Information not specified by that subsection; or (b) Minor errors that are not seriously misleading. (4) A particular phrasing of the notification is not required. (5) The following form of notification and the form appearing in KRS 355.9-614(3), when completed, each provides sufficient information: "NOTIFICATION OF DISPOSITION OF COLLATERAL To: ..... <Name of debtor, obligor, or other person to which the notification is sent> From: .....<Name, address, and telephone number of secured party> Name of Debtor(s): .....<Include only if debtor(s) are not an addressee> <For a public disposition:> We will sell <or lease or license, as applicable> the.....<describe collateral> <to the highest qualified bidder> in public as follows: Day and Date: . . . . . . . . . . . . . . . Time: Place: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <For a private disposition:> We will sell <or lease or license, as applicable> the.....<describe collateral> privately sometime after.....<day and date>. You are entitled to an accounting of the unpaid indebtedness secured by the property that we intend to sell <or lease or license, as applicable> <for a charge of $...... >. You may request an accounting by calling us at .....<telephone number>". Effective: July 1, 2001 History: Created 2000 Ky. Acts ch. 408, sec. 131, effective July 1, 2001.