---
title: "List what a consumer surplus or deficiency explanation must show"
url: "https://ailawframework.com/practice/banking-and-finance/list-what-a-statement-of-account-after-seizure-or-disposal-must-show/united-states"
type: "task_jurisdiction_version"
site: "AI Law Framework"
id: "A3-OC20261022-17-US"
practice_area: "Banking & Finance (Lending, Securities, Project Finance)"
tier: "yellow"
lawyer_review: "required"
jurisdictions: ["US"]
last_reviewed: "2026-10-22"
---

# List what a consumer surplus or deficiency explanation must show

> In a consumer-goods transaction, the tool lists the amount of any surplus or deficiency, the calculation figures the lawyer supplies, a statement that future debits, credits, charges, rebates, and expenses may affect…

Canonical page: https://ailawframework.com/practice/banking-and-finance/list-what-a-statement-of-account-after-seizure-or-disposal-must-show/united-states  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Banking & Finance (Lending, Securities, Project Finance)](https://ailawframework.com/practice/banking-and-finance.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| How AI is used | In a consumer-goods transaction, the tool lists the amount of any surplus or deficiency, the calculation figures the lawyer supplies, a statement that future debits, credits, charges, rebates, and expenses may affect the amount, and a telephone number or mailing address. It compares the sending date with payment of the surplus, the first written demand for the deficiency, and the date a request was received, including the 14th day after that request. It does not write the explanation. |
| What the lawyer must review | UCC Sections 9-616 and 9-611. In a consumer-goods transaction in which the debtor is entitled to a surplus or a consumer obligor is liable for a deficiency under Section 9-615, Section 9-616(b) requires the secured party to send an explanation after the disposition, before or when the secured party accounts to the debtor and pays any surplus or first makes written demand on the consumer obligor for the deficiency, and within 14 days after receipt of a request. In the case of a consumer obligor who is liable for a deficiency, the secured party may instead, within 14 days after receipt of a request, send a record waiving the secured party's right to a deficiency. An explanation states the amount of the surplus or deficiency, provides an explanation in accordance with subsection (c) of how the secured party calculated it, states if applicable that future debits, credits, charges, including additional credit service charges or interest, rebates, and expenses may affect the amount, and provides a telephone number or mailing address from which additional information is available. Subsection (c) requires specified information in a specified order, beginning with the aggregate amount of the obligations secured. Section 9-611 is the separate rule on who must receive an authenticated notification before disposition. The lawyer writes any explanation that is sent. |
| Written for | United States |
| Applies to | [List what a statement of account after seizure or disposal must show](https://ailawframework.com/practice/banking-and-finance/list-what-a-statement-of-account-after-seizure-or-disposal-must-show.md) |

## Checking plan

- What the AI does: In a consumer-goods transaction, the tool lists the amount of any surplus or deficiency, the calculation figures the lawyer supplies, a statement that future debits, credits, charges, rebates, and expenses may affect the amount, and a telephone number or mailing address. It compares the sending date with payment of the surplus, the first written demand for the deficiency, and the date a request was received, including the 14th day after that request. It does not write the explanation.
- Basis: Checked against the linked sources on 22 October 2026. Confirm the current instrument before reliance.

## Notes

- Article 9 in the sources is the uniform text. The lawyer reads the enacting state's current text before reliance. Section 9-615 was not opened. The explanation duty is stated only where the debtor is entitled to a surplus or a consumer obligor is liable for a deficiency under that section.
- The duty that was read applies in a consumer-goods transaction. A non-consumer explanation was not opened.
- The lawyer writes the explanation. The tool lists the figures and the timing.

## Sources

- [UCC § 9-616, Explanation of calculation of surplus or deficiency](https://www.law.cornell.edu/ucc/9/9-616) (checked 2026-10-22)
- [UCC § 9-611, Notification before disposition of collateral](https://www.law.cornell.edu/ucc/9/9-611) (checked 2026-10-22)

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*