RS 10:9-612 Timeliness of notification before disposition of collateral - Louisiana Statutes

§9-612.  Timeliness of notification before disposition of collateral

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

(b)  Ten-day period sufficient in non-consumer 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.

(c)  Twenty-one-day period sufficient in consumer transaction.  In a consumer transaction, a notification of disposition sent after default and twenty-one days or more before the earliest time of disposition set forth in the notification is sent within a reasonable time before the disposition.

Acts 2001, No. 128, §1, eff. July 1, 2001.