2017 New Jersey Revised Statutes
TITLE 12A - COMMERCIAL TRANSACTIONS
Section 12A:9-612 - Timeliness of notification before disposition of collateral.
12A:9-612 Timeliness of notification before disposition of collateral.
12A:9-612. Timeliness of Notification Before Disposition of Collateral.
(a) Reasonable time is question of fact. Except as otherwise provided in subsection (b), whether a notification is sent within a reasonable time is a question of fact.
(b) 10-day period sufficient in non-consumer 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.
L.2001, c.117, s.1; amended 2001, c.386, s.101.