(810 ILCS 5/9-611)
    Sec. 9-611. Notification before disposition of collateral.
    (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 a signed 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 Section 9-610 shall send to the persons specified in subsection (c) a reasonable signed notification of disposition.
    (c) Persons to be notified. To comply with subsection (b), the secured party shall send a signed 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, a signed 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 Section 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 a signed notification of disposition to each secured party or other lienholder named in that response whose financing statement covered the collateral.
(Source: P.A. 103-1036, eff. 1-1-25.)