In a consumer goods transaction, the following rules apply:
___(Name and address of secured party)___
NOTICE OF OUR PLAN TO SELL PROPERTY
(Name and address of any obligor who is also a debtor)
Subject: ___(Identification of Transaction)___
We have your ___(describe collateral)___, because you broke promises
in our agreement.
(For a public disposition:)
We will sell ___(describe collateral)___ at public sale. A sale could
include a lease or license. The sale will be held as follows:
You may attend the sale and bring bidders if you want.
(For a private disposition:)
We will sell ___(describe collateral)___ at private sale sometime
after ___(date)___. A sale could include a lease or license.
The money that we get from the sale, after paying our costs, will
reduce the amount you owe. If we get less money than you owe, you
___(will or will not, as applicable)___ still owe us the
difference. If we get more money than you owe, you will get the extra
money, unless we must pay it to someone else.
You can get the property back at any time before we sell it by paying
us the full amount you owe (not just the past due payments), including
our expenses. To learn the exact amount you must pay, call us at
If you want us to explain to you in writing how we have figured the
amount that you owe us, you may call us at ___(telephone number)___
(or write us at ___(secured party's address)___) and request a
written explanation. (We will charge you $ __________ for the
explanation if we sent you another written explanation of the amount
you owe us within the last six months.)
If you need more information about the sale call us at ___(telephone
number)___ (or write us at ___(secured party's address)___).
We are sending this notice to the following other people who have an
interest in ___(describe collateral)___ or who owe money under your
___(Names of all other debtors and obligors, if any)___.
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Note to HTML Version:
This version of the Alaska Statutes is current through December, 2007. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful.