(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 paragraph (1) are nevertheless sufficient is a question of fact.
(3) The contents of a notification providing substantially the information specified in paragraph (1) are sufficient, even if the notification includes:
(A) Information not specified by that paragraph; 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 Section 75-9-614(3), when completed, each provides sufficient information:
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].