NRS104.9613. 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 are nevertheless sufficient is a question of fact.

      3.  The contents of a notification providing substantially the information specified in subsection 1 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 subsection 3 of NRS 104.9614, 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].

 

      (Added to NRS by 1999, 351; A 2001, 732)