New Jersey § 12a:9-611

§ 12a:9-611.

(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 an authenticated

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) , a secured party that disposes of collateral under 12A:9-610 shall send to the persons

specified in subsection (c) a reasonable authenticated notification of disposition. (c) Persons to be notified. To comply with subsection (b) , the secured party shall send an authenticated notification of disposition to: (1) the debtor; (2) any secondary obligor; and (3) if the collateral is other than consumer goods: (A) any other person from which the secured party has received, before the notification

date, an authenticated notification of a claim of an interest in the collateral; (B) 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 (C) 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 12A:9-311 (a). (d) Subsection (b) inapplicable: perishable collateral; recognized market. Subsection (b) 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) (B) . A secured party complies with the requirement for notification prescribed by subsection (c) (3) (B) 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) (B) ; 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 an authenticated notification

of disposition to each secured party or other lienholder named in that response whose

financing statement covered the collateral.