United States — Louisiana
RS 10:9-611
1 provisions
A secured party disposing of collateral must send a reasonable signed notice of disposition to specified persons, unless an exception applies.
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United States — Louisiana Statutes
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United States — Louisiana
RS 10:9-612
1 provisions
A notice of disposition is treated as sent within a reasonable time if it is sent after default and at least 10 days before disposition in a non-consumer transaction, or at least 21 days before disposition in a consumer transaction.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-613
1 provisions
This section says what information a notice of collateral disposition must include, with an exception for consumer-goods transactions.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-614
1 provisions
In a consumer-goods transaction, a disposition notice must include specified information, and the form instructions require certain items to be completed.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-615
1 provisions
A secured party must distribute cash proceeds from a collateral sale in the statutory order, and may have to handle noncash proceeds only if not commercially unreasonable.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-616
1 provisions
After certain collateral sales, the secured party must send a written explanation of the surplus or deficiency, and may charge up to $25 for extra responses.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-617
1 provisions
A good-faith transferee can take collateral free of certain rights and interests; otherwise, the transferee takes the collateral subject to them.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-618
1 provisions
A secondary obligor gets the secured party’s rights and must perform the secured party’s duties after certain assignments, transfers, or subrogation.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-619
1 provisions
A transfer statement lets the transferee get record transfer of the debtor’s rights in the collateral, and the responsible official must process it if the fee and request form are submitted.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-620
1 provisions
A secured party may accept collateral in full or partial satisfaction only if the statute’s consent, notice, and consumer-goods conditions are met.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-621
1 provisions
A secured party seeking to accept collateral must send its proposal to specified interested parties, and also to any secondary obligor if the acceptance is only partial satisfaction.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-622
1 provisions
If a secured party accepts collateral in full or partial satisfaction of the debt, the debtor’s obligation is discharged to the agreed extent and related interests are transferred or terminated.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-623
1 provisions
Certain debtors, secondary obligors, secured parties, or lienholders may redeem collateral if they tender the required amounts.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-624
1 provisions
A debtor or secondary obligor may waive certain collateral rights only by a signed post-default agreement, and the redemption right waiver does not apply in consumer-goods transactions.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-625
1 provisions
This section lets courts order or stop collateral enforcement for noncompliance, lets affected persons recover actual and some statutory damages, and bars punitive or exemplary damages.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-626
1 provisions
If deficiency or surplus is disputed, the secured party may have to prove compliance, and a debtor’s deficiency liability is limited by the statute’s calculation rules.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-627
1 provisions
This section explains when a secured party’s collection, enforcement, disposition, or acceptance counts as commercially reasonable.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-628
1 provisions
This section limits when a secured party is liable for noncompliance with the chapter.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-629
1 provisions
This section allows certain records, affidavits, and verified petitions to be used as authentic evidence in executory or ordinary process involving security interests and related obligations.
Act or statute Open & ChatUnited States — Louisiana
RS 10:9-701
1 provisions
This section says the chapter takes effect on July 1, 2001.
Act or statute Open & Chat