Nevada § 104.9611 - Notification before disposition of collateral

§ 104.9611. Notification before disposition of collateral

1. In this section, “ notification date ” means the earlier of the date on which: (a) A secured party sends to the debtor and any secondary obligor a signed notification

of disposition; or (b) The debtor and any secondary obligor waive the right to notification. 2. Except as otherwise provided in subsection 4, a secured party that disposes of

collateral under NRS 104.9610 shall send to the persons specified in subsection 3 a reasonable signed notification

of disposition. 3. To comply with subsection 2, the secured party shall send a signed notification

of disposition to: (a) The debtor; (b) Any secondary obligor; and (c) If the collateral is other than consumer goods: (1) Any other person from which the secured party has received, before the notification

date, a signed notification of a claim of an interest in the collateral; (2) 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 (3) 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 subsection 1 of NRS 104.9311 . 4. Subsection 2 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. 5. A secured party complies with the requirement for notification prescribed by subparagraph

(2) of paragraph (c) of subsection 3 if: (a) 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 that

subparagraph; and (b) Before the notification date, the secured party: (1) Did not receive a response to the request for information; or (2) 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.