Except in a consumer-goods transaction, the following rules apply:

1. (1) The contents of a notification of disposition are sufficient if the notification:

   1. (A) describes the debtor and the secured party;
   2. (B) describes the collateral that is the subject of the intended disposition;
   3. (C) states the method of intended disposition;
   4. (D) states that the debtor is entitled to an accounting of the unpaid indebtedness and states the charge, if any, for an accounting; and
   5. (E) states the time and place of a public disposition or the time after which any other disposition is to be made.
2. (2) Whether the contents of a notification that lacks any of the information specified in subdivision (1) are nevertheless sufficient is a question of fact.

3. (3) The contents of a notification providing substantially the information specified in subdivision (1) are sufficient, even if the notification includes:

   1. (A) information not specified by that subdivision; or
   2. (B) minor errors that are not seriously misleading.
4. (4) A particular phrasing of the notification is not required.
5. (5) The following form of notification and the form appearing in IC 26-1-9.1-614 (3), when completed, each provides sufficient information:

Name of Debtor(s): Include only if debtor(s) are not an addressee

(For a public disposition:)

We will sell (or lease or license, as applicable) the describe collateral to the highest qualified bidder in public as follows:

Day and Date: _____________________

Time: _________

Place: ____________________________

(For a private disposition:)

We will sell (or lease or license, as applicable) the describe collateral privately sometime after day and date .

You are entitled to an accounting of the unpaid indebtedness secured by the property that we intend to sell (or lease or license, as applicable) (for a charge of $____). You may request an accounting by calling us at telephone number .

As added by P.L.57-2000, SEC.45.