CHAPTER 361-A RETAIL INSTALLMENT SALES OF MOTOR VEHICLES
Section 361-A:22
361-A:22 Requirements and Prohibitions as to the Notice of Disposition. –
I. After repossession, if the vehicle is not accepted as satisfaction in full, the licensee must send the borrower a notice of disposition prior to the sale of the vehicle.
II. The notice of disposition must contain the following information:
(a) Description of the borrower and the licensee;
(b) Description of the collateral that is the subject of the intended disposition;
(c) The method of intended disposition;
(d) Information stating that the borrower is entitled to an accounting of the unpaid indebtedness;
(e) Stating the time and place of a public disposition or the time after which any other disposition is to be made;
(f) A description of any liability for a deficiency of the borrower;
(g) The amount that must be paid to the licensee to redeem the collateral; and
(h) A telephone number or mailing address from which additional information concerning the disposition and the obligation secured is available.