Our Ag lender is trying to make a case that it is "bad business" to send by Certified or Registered mail a Notice to Buyer of Security Interest in Farm Products to a grain elevator purchasing grain (held as collateral). I'm pretty sure he would rather not provide the Notice to the grain elevator at all. LO claims "When a bank sends a notice to their elevator, it sends the message to everyone that the bank does NOT trust the borrower and that can be very offensive to the farmer".
Is this even remotely accurate? If so, I'm wondering what other banks are doing. Any advice is welcome. Thankfully we don't do a great deal of ag lending. IL UCC clearly states the notice must be sent by Certified or Registered mail in order to be considered delivered.
Thanks.