C.R.S.
Section 4-9-614
Contents and form of notification before disposition of collateral: consumer-goods transaction
(a)
In a consumer-goods transaction, the following rules apply:(1)
A notification of disposition must provide the following information:(A)
The information specified in section 4-9-613 (a)(1);(B)
A description of any liability for a deficiency of the person to which the notification is sent;(C)
A telephone number and mailing address from which the amount that must be paid to the secured party to redeem the collateral under section 4-9-623 is available; and(D)
A telephone number and mailing address from which additional information concerning the disposition and the obligation secured is available.(2)
A particular phrasing of the notification is not required.(3)
The following form of notification, when completed in accordance with the instructions in subsection (b) of this section, provides sufficient information: [Name and address of secured party] [Date](Name and address of any obligor who is also a debtor)
Subject:(Identify transaction) We have your (describe collateral), because you broke promises in our agreement. {1}(4)
A notification in the form of paragraph (3) of this subsection (a) is sufficient, even if additional information appears at the end of the form.(5)
A notification in the form of paragraph (3) of this subsection (a) is sufficient, even if it includes errors in information not required by paragraph (1) of this subsection (a), unless the error is misleading with respect to rights arising under this article.(6)
If a notification under this section is not in the form of paragraph (3) of this subsection (a), law other than this article determines the effect of including information not required by paragraph (1) of this section.(b)
The following instructions apply to the form of notification in subsection (a)(3) of this section:(1)
The instructions in this subsection (b) refer to the numbers in braces before items in the form of notification in subsection (a)(3) of this section. Do not include the numbers or braces in the notification. The numbers and braces are used only for the purpose of these instructions.(2)
Include and complete either item {1}, if the notification relates to a public disposition of the collateral, or item {2}, if the notification relates to a private disposition of the collateral.(3)
Include and complete items {3}, {4}, {5}, {6}, and {7}.(4)
In item {5}, include and complete any one of the three alternative methods for the explanation-writing, writing or electronic record, or electronic record.(5)
In item {6}, include the telephone number. In addition, the sender may include and complete either or both of the two additional alternative methods of communication--writing or electronic communication--for the recipient of the notification to communicate with the sender. Neither of the two additional methods of communication is required to be included.(6)
In item {7}, include and complete the method or methods for the explanation--writing, writing or electronic record, or electronic record-included in item {5}.(7)
Include and complete item {8} only if a written explanation is included in item {5} as a method for communicating the explanation and the sender will charge the recipient for another written explanation.(8)
In item {9}, include either the telephone number or the address or both the telephone number and the address. In addition, the sender may include and complete the additional method of communication--electronic communication--for the recipient of the notification to communicate with the sender. The additional method of electronic communication is not required to be included.(9)
If item {10} does not apply, insert “None” after “agreement:”.
Source:
Section 4-9-614 — Contents and form of notification before disposition of collateral: consumer-goods transaction, https://leg.colorado.gov/sites/default/files/images/olls/crs2023-title-04.pdf
(accessed Oct. 20, 2023).