Secured Transactions Act · s 73

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s 73Secured party to give statement of account to debtor

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.