(a) 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) Except as otherwise provided in subsection (d) of this section, a secured party that disposes of collateral under section 28-9-610 shall send to the persons specified in subsection (c) of this section a reasonable authenticated notification of disposition.

Terms Used In Idaho Code 28-9-611

  • Lien: A claim against real or personal property in satisfaction of a debt.
  • person: includes a corporation as well as a natural person;
Idaho Code 73-114
  • Statute: A law passed by a legislature.
    • (c) To comply with subsection (b) of this section, 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, ten (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, ten (10) days before the notification date, held a security interest in the collateral perfected by compliance with a statute, regulation, or treaty described in section 28-9-311(a).
    (d) Subsection (b) of this section 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) A secured party complies with the requirement for notification prescribed by subsection (c)(3)(B) of this section if:
    (1) Not later than twenty (20) days or earlier than thirty (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) of this section; 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.