Statutory Demand for Explanation of Deficiency Calculation under UCC § 9-616

[CLIENT FULL NAME] [CLIENT ADDRESS LINE1] [CLIENT CITY], [CLIENT STATE] [CLIENT ZIP] DOB: [CLIENT DOB] | SSN (Last 4): [CLIENT SSN LAST4] Date: [TODAY] [RECIPIENT NAME] [RECIPIENT ADDRESS BLOCK] RE: STATUTORY DEMAND FOR EXPLANATION OF CALCULATION OF DEFICIENCY PURSUANT TO UCC § 9-616 - Account #[ACCOUNT ACCOUNT NUMBER MASKED] Dear Post-Repossession Accounting Department, I am writing regarding the repossessed vehicle account #[ACCOUNT ACCOUNT NUMBER MASKED] (Vehicle: [VEHICLE DESCRIPTION]) and your demand for an alleged deficiency balance of [ACCOUNT BALANCE]. STATUTORY DEMAND UNDER UCC § 9-616: Pursuant to Uniform Commercial Code § 9-616 (Explanation of Calculation of Surplus or Deficiency), an account debtor has an absolute right to receive a detailed written accounting explaining how an alleged deficiency was calculated. Please provide a formal written accounting disclosing: 1. The gross aggregate amount of the obligation secured by the security interest; 2. The gross proceeds of the sale or disposition on [VEHICLE SALE DATE] (Gross Sale Price: [VEHICLE SALE PRICE]); 3. An itemized breakdown of all reconditioning, towing, storage, and repossession expenses deducted; 4. Credits applied for unearned insurance premiums or extended service warranties; and 5. The exact mathematical calculation yielding the final deficiency amount. Under UCC § 9-616(c), you MUST send this detailed explanation within 14 days of receiving this request. Failure to comply violates statutory UCC disclosure duties and waives your entitlement to collect. Sincerely, [CLIENT FULL NAME] Sent via Certified Mail, Return Receipt Requested: [LETTER CERTIFIED NUMBER]