What is required to be included in a notice of resale in consumer transactions that differs from non-consumer transactions?

In consumer transactions, a notice of resale must include specific details about the recipient's potential liability for any deficiency that may arise after the sale of the collateral. This requirement is established to protect consumers by ensuring they are fully informed about their financial obligations should the sale of the repossessed goods not cover the remaining balance of the debt owed. Including this information helps to clarify the financial risks involved in the transaction and allows consumers to make informed decisions.

In contrast, non-consumer transactions may not necessitate the inclusion of this specific liability information. Essentially, consumer transactions are subject to stricter regulations and consumer protection laws designed to enhance transparency and safeguard individuals who may be less knowledgeable or capable of understanding complex financial obligations. This additional layer of required information does not apply to entities or individuals engaged in non-consumer transactions, where the parties are generally presumed to have a higher level of sophistication.