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336.9-612 Timeliness of notification before disposition of collateral.

(a) Reasonable time is question of fact. Except as otherwise provided in subsection (b), whether a notification is sent within a reasonable time is a question of fact.

(b) Ten-day period sufficient in nonconsumer transaction. In a transaction other than a consumer transaction, a notification of disposition sent after default and ten days or more before the earliest time of disposition set forth in the notification is sent within a reasonable time before the disposition.

HIST: 2000 c 399 art 1 s 113

* NOTE: This section, as added by Laws 2000, chapter 399, *article 1, section 113, is effective July 1, 2001. Laws 2000, *chapter 399, article 1, section 130.

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Revisor of Statutes