Section 73
Secured party to give statement of account to debtor
ActIn forceProvision 69 of 87
Section 73
If collateral is sold by a secured party under section 70, the secured party shall, within 15 working days after the sale of the collateral, give the persons referred to in section 68 a statement of account in writing, showing —
(a)
the amount of the gross proceeds of sale;
(b)
the amount of the costs and expenses of the sale; and
(c)
the balance owing by the secured party to the debtor, or by the debtor to the secured party, as the case may be.