Proceeds from the disposition of collateral after default are distributed in a certain order with any surplus generally going to the creditor.

Name: Proceeds from the disposition of collateral after default are distributed in a certain order with any surplus generally going to the creditor.
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Question

Quizplus · Accepted Answer

Surplus proceeds from the disposition of collateral after default are generally returned to the debtor, not the creditor, after all obligations are satisfied.

Proceeds from the Disposition of Collateral After Default Are Distributed