2011 Louisiana Laws
Revised Statutes
TITLE 10 — Commercial laws
RS 10:9-612 — Timeliness of notification before disposition of collateral
§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.
Disclaimer: These codes may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
