Section 382-A:9-619 – Transfer of Record or Legal Title.
382-A:9-619 Transfer of Record or Legal Title. – (a) "Transfer statement." In this section, " transfer statement " means a record authenticated by a secured party stating: (1) that the debtor has defaulted in connection with an obligation secured by specified collateral; (2) that the secured party has exercised its post-default remedies with respect […]
Section 382-A:9-620 – Acceptance of Collateral in Full or Partial Satisfaction of Obligation; Compulsory Disposition of Collateral.
382-A:9-620 Acceptance of Collateral in Full or Partial Satisfaction of Obligation; Compulsory Disposition of Collateral. – (a) Conditions to acceptance in satisfaction. Except as otherwise provided in subsection (g), a secured party may accept collateral in full or partial satisfaction of the obligation it secures only if: (1) the debtor consents to the acceptance […]
Section 382-A:9-621 – Notification of Proposal to Accept Collateral.
382-A:9-621 Notification of Proposal to Accept Collateral. – (a) Persons to which proposal to be sent. A secured party that desires to accept collateral in full or partial satisfaction of the obligation it secures shall send its proposal to: (1) any person from which the secured party has received, before the debtor consented to […]
Section 382-A:9-608 – Application of Proceeds of Collection or Enforcement; Liability for Deficiency and Right to Surplus.
382-A:9-608 Application of Proceeds of Collection or Enforcement; Liability for Deficiency and Right to Surplus. – (a) Application of proceeds, surplus, and deficiency if obligation secured. If a security interest or agricultural lien secures payment or performance of an obligation, the following rules apply: (1) A secured party shall apply or pay over for […]
Section 382-A:9-609 – Secured Party’s Right to Take Possession After Default.
382-A:9-609 Secured Party’s Right to Take Possession After Default. – (a) Possession; rendering equipment unusable; disposition on debtor’s premises. After default, a secured party: (1) may take possession of the collateral; and (2) without removal, may render equipment unusable and dispose of collateral on a debtor’s premises under Section 9-610. (b) Judicial and nonjudicial […]
Section 382-A:9-610 – Disposition of Collateral After Default.
382-A:9-610 Disposition of Collateral After Default. – (a) Disposition after default. After default, a secured party may sell, lease, license, or otherwise dispose of any or all of the collateral in its present condition or following any commercially reasonable preparation or processing. (b) Commercially reasonable disposition. Every aspect of a disposition of collateral, including […]
Section 382-A:9-611 – Notification Before Disposition of Collateral.
[RSA 382-A:9-611 effective until January 1, 2023; see also RSA 382-A:9-611 set out below.] 382-A:9-611 Notification Before Disposition of Collateral. – (a) "Notification date." In this section, " notification date " means the earlier of the date on which: (1) a secured party sends to the debtor and any secondary obligor an authenticated notification […]
Section 382-A:9-612 – Timeliness of Notification Before Disposition of Collateral.
382-A: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) 10-day period sufficient in non-consumer transaction. In a transaction other than a consumer transaction, a notification […]
Section 382-A:9-613 – Contents and Form of Notification Before Disposition of Collateral: General.
382-A:9-613 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; […]
Section 382-A:9-614 – Contents and Form of Notification Before Disposition of Collateral: Consumer-Goods Transaction.
[RSA 382-A:9-614 effective until January 1, 2023; see also RSA 382-A:9-614 set out below.] 382-A:9-614 Contents and Form of Notification Before Disposition of Collateral: Consumer-Goods Transaction. – 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 9-613(1); (B) a […]