{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-1-9-614","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-1-9-614","heading":"Contents and form of notification before disposition","body":"of collateral: consumer-goods transaction.\n\nCONTENTS AND FORM OF NOTIFICATION BEFORE\n\nDISPOSITION OF COLLATERAL: CONSUMER-GOODS TRANSACTION\n\n(a) In a consumer-goods transaction, the following rules apply:\n\n(1) A notification of disposition must provide the following\n\ninformation:\n\n(A) the information specified in paragraph (1) of\n\nsubsection (a) of Section 1-9-613 of this title;\n\n(B) a description of any liability for a deficiency of the\n\nperson to which the notification is sent;\n\n(C) a telephone number from which the amount that must be\n\npaid to the secured party to redeem the collateral\n\nunder Section 1-9-623 of this title is available; and\n\n(D) a telephone number or mailing address from which\n\nadditional information concerning the disposition and\n\nthe obligation secured is available.\n\n(2) A particular phrasing of the notification is not required.\n\n(3) The following form of notification, when completed in\n\naccordance with the instructions in subsection (b) of this section,\n\nprovides sufficient information:\n\n(Name and address of secured party)\n\n(Date)\n\nNOTICE OF OUR PLAN TO SELL PROPERTY\n\n(Name and address of any obligor who is also a debtor)\n\nSubject: (Identify transaction)\n\nWe have your (describe collateral), because you broke promises\n\nin our agreement.\n\n{1} We will sell (describe collateral) at public sale. A sale\n\ncould include a lease or license. The sale will be held as follows:\n\n(Date)\n\n(Time)\n\n(Place)\n\nYou may attend the sale and bring bidders if you want.\n\n{2} We will sell (describe collateral) at private sale sometime\n\nafter (date). A sale could include a lease or license.\n\n{3} The money that we get from the sale, after paying our costs,\n\nwill reduce the amount you owe. If we get less money than you owe,\n\nyou (will or will not, as applicable) still owe us the difference.\n\nIf we get more money than you owe, you will get the extra money,\n\nunless we must pay it to someone else.\n\n{4} You can get the property back at any time before we sell it\n\nby paying us the full amount you owe, not just the past due\n\npayments, including our expenses. To learn the exact amount you\n\nmust pay, call us at (telephone number).\n\n{5} If you want us to explain to you in (writing) (writing or in\n\n(description of electronic record)) (description of electronic\n\nrecord) how we have figured the amount that you owe us, {6} Call us\n\nat (telephone number) (or) (write us at (secured party's address))\n\n(or contact us by (description of electronic communication method))\n\n{7} and request (a written explanation) (a written explanation or an\n\nexplanation in (description of electronic record)) (an explanation\n\nin (description of electronic record)).\n\n{8} We will charge you $ (amount) for the explanation if we sent\n\nyou another written explanation of the amount you owe us within the\n\nlast six months.\n\n{9} If you need more information about the sale (call us at\n\n(telephone number)) (or) (write us at (secured party's address)) (or\n\ncontact us by (description of electronic communication method)).\n\n{10} We are sending this notice to the following other people\n\nwho have an interest in (describe collateral) or who owe money under\n\nyour agreement:\n\n(Names of all other debtors and obligors, if any)\n\n[End of Form]\n\n(4) A notification in the form of paragraph (3) of this\n\nsubsection is sufficient, even if additional information appears at\n\nthe end of the form.\n\n(5) A notification in the form of paragraph (3) of this\n\nsubsection is sufficient, even if it includes errors in information\n\nnot required by paragraph (1) of this subsection, unless the error\n\nis misleading with respect to rights arising under this article.\nnotification in the form of paragraph (3) of this\n\nsubsection is sufficient, even if additional information appears at\n\nthe end of the form.\n\n(5) A notification in the form of paragraph (3) of this\n\nsubsection is sufficient, even if it includes errors in information\n\nnot required by paragraph (1) of this subsection, unless the error\n\nis misleading with respect to rights arising under this article.\n\n(6) If a notification under this section is not in the form of\n\nparagraph (3) of this subsection, law other than this article\n\ndetermines the effect of including information not required by\n\nparagraph (1) of this subsection.\n\n(b) The following instructions apply to the form of\n\nnotification in paragraph (3) of subsection (a) of this section:\n\n(1) The instructions in this subsection refer to the numbers in\n\nbraces before items in the form of notification in paragraph (3) of\n\nsubsection (a) of this section. Do not include the numbers or\n\nbraces in the notification. The numbers and braces are used only\n\nfor the purpose of these instructions.\n\n(2) Include and complete either item {1}, if the notification\n\nrelates to a public disposition of the collateral, or item {2}, if\n\nthe notification relates to a private disposition of the collateral.\n\n(3) Include and complete items {3}, {4}, {5}, {6}, and {7}.\n\n(4) In item {5}, include and complete any one of the three\n\nalternative methods for the explanation — writing, writing or\n\nelectronic record, or electronic record.\n\n(5) In item {6}, include the telephone number. In addition,\n\nthe sender may include and complete either or both of the two\n\nadditional alternative methods of communication - writing or\n\nelectronic communication - for the recipient of the notification to\n\ncommunicate with the sender. Neither of the two additional methods\n\nof communication is required to be included.\n\n(6) In item {7}, include and complete the method or methods for\n\nthe explanation — writing, writing or electronic record, or\n\nelectronic record — included in item {5}.\n\n(7) Include and complete item {8} only if a written explanation\n\nis included in item {5} as a method for communicating the\n\nexplanation and the sender will charge the recipient for another\n\nwritten explanation.\n\n(8) In item {9}, include either the telephone number or the\n\naddress or both the telephone number and the address. In addition,\n\nthe sender may include and complete the additional method of\n\ncommunication - electronic communication - for the recipient of the\n\nnotification to communicate with the sender. The additional method\n\nof electronic communication is not required to be included.\n\n(9) If item {10} does not apply, insert \"None\" after\n\n\"agreement:\".","path":["OK Code","Title 12A"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os12A.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"b6a5e47db458768f8da0b2e17a085d7c6ea4b55f3f5f328634313d0b46aea2df","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-1-9-613","next":"us-ok/okla.-stat.-tit.-12a-12a-1-9-615"},"notice":"GroundRules: Original legal text. Not legal advice."}