{"data":{"id":"us-nj/n.j.-stat.-12a-9-611","jurisdiction":"us-nj","citation":"N.J. Stat. § 12A:9-611","heading":"Notification before disposition of collateral.","body":"Notification Before Disposition of Collateral.\n(a)\t\"Notification date.\"  In this section, \"notification date\" means the earlier of the date on which:\n(1)\ta secured party sends to the debtor and any secondary obligor an authenticated notification of disposition; or\n(2)\tthe debtor and any secondary obligor waive the right to notification.\n(b)\tNotification of disposition required.  Except as otherwise provided in subsection (d), a secured party that disposes of collateral under 12A:9-610 shall send to the persons specified in subsection (c) a reasonable authenticated notification of disposition.\n(c)\tPersons to be notified.  To comply with subsection (b), the secured party shall send an authenticated notification of disposition to:\n(1)\tthe debtor;\n(2)\tany secondary obligor; and\n(3)\tif the collateral is other than consumer goods:\n(A)\tany other person from which the secured party has received, before the notification date, an authenticated notification of a claim of an interest in the collateral;\n(B)\tany other secured party or lienholder that, 10 days before the notification date, held a security interest in or other lien on the collateral perfected by the filing of a financing statement that:\n(i)\tidentified the collateral;\n(ii)\twas indexed under the debtor's name as of that date; and\n(iii)  was filed in the office in which to file a financing statement against the debtor covering the collateral as of that date; and\n(C)\tany other secured party that, 10 days before the notification date, held a security interest in the collateral perfected by compliance with a statute, regulation, or treaty described in 12A:9-311 (a).\n(d)\tSubsection (b) inapplicable:  perishable collateral; recognized market.  Subsection (b) does not apply if the collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market.\n(e)\tCompliance with subsection (c) (3) (B).  A secured party complies with the requirement for notification prescribed by subsection (c) (3) (B) if:\n(1)\tnot later than 20 days or earlier than 30 days before the notification date, the secured party requests, in a commercially reasonable manner, information concerning financing statements indexed under the debtor's name in the office indicated in  subsection (c) (3) (B); and\n(2)\tbefore the notification date, the secured party:\n(A)\tdid not receive a response to the request for information; or\n(B)\treceived a response to the request for information and sent an authenticated notification of disposition to each secured party or other lienholder named in that response whose financing statement covered the collateral.\nL.2001, c.117, s.1; amended 2001, c.386, s.100.","path":["TITLE 12A COMMERCIAL TRANSACTIONS"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"6923f95aa43a9c82b85f3c8516f6b7631e7f66314fec76f40ce1f24ac2c5066a","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-12a-9-610","next":"us-nj/n.j.-stat.-12a-9-612"},"notice":"GroundRules: Original legal text. Not legal advice."}