Laws of North Carolina (Last Updated: May 12, 2015) |
Chapter25. Uniform Commercial Code. |
Article9. Secured Transactions |
Part6. DEFAULT |
SUBPART1. Default and Enforcement of Security Interest. |
§25-9-612. Timeliness of notification before disposition of collateral
Latest version.
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(a) Reasonable time is question of fact. - Except as otherwise provided in subsection (b) of this section, whether a notification is sent within a reasonable time is a question of fact.
(b) Ten-day period sufficient in nonconsumer transaction. - In a transaction other than a consumer transaction, a notification of disposition sent after default and 10 days or more before the earliest time of disposition set forth in the notification is sent within a reasonable time before the disposition.
(2000-169, s. 1.)