Section 62A.9A-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 a signed notification of disposition; or(2) The debtor and any secondary obligor waive the right to notification.(b)Notification of disposition required. Except as otherwise provided in subsection (d) of this section, a secured party that disposes of collateral under RCW 62A.9A-610 shall send to the persons specified in subsection (c) of this section a reasonable signed notification of disposition.(c)Persons to be notified. To comply with subsection (b) of this section, the secured party shall send a signed notification of disposition to: (2) Any secondary obligor; and(3) If the collateral is other than consumer goods:(A) Any other secured party or lienholder that, 10 days before the notification date, held a security interest in or other lien on the collateral perfected by the filing of a financing statement that:(i) Identified the collateral;(ii) Was indexed under the debtor's name as of that date; and(iii) Was filed in the office in which to file a financing statement against the debtor covering the collateral as of that date; and(B) Any other secured party that, 10 days before the notification date, held a security interest in the collateral perfected by compliance with a statute, regulation, or treaty described in RCW 62A.9A-311(a).(d)Subsection (b) of this section inapplicable: Perishable collateral; recognized market. Subsection (b) of this section does not apply if the collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market.(e)Compliance with subsection (c)(3)(A) of this section. A secured party complies with the requirement for notification prescribed by subsection (c)(3)(A) of this section if:(1) Not later than 20 days or earlier than 30 days before the notification date, the secured party requests, in a commercially reasonable manner, information concerning financing statements indexed under the debtor's name in the office indicated in subsection (c)(3)(A) of this section; and(2) Before the notification date, the secured party:(A) Did not receive a response to the request for information; or(B) Received a response to the request for information and sent a signed notification of disposition to each secured party or other lienholder named in that response whose financing statement covered the collateral.Amended by 2023 c 266,§ 941, eff. 1/1/2024. 2011 c 74 § 724; 2000 c 250 § 9A-611.Construction-Effective date- 2023 c 266: See notes following RCW 62A.12-101.
Application-Effective date- 2011 c 74: See notes following RCW 62A.9A-102.