; or (2) within 15 business days after the date on which the seller receives notice that the payment instrument promptly presented for payment has been dishonored. (d) Notice to lien holders When a dealer receives notice under subsection (c) with respect to a trust, the dealer shall, within 15 business days, give notice to all persons who have recorded a security interest in, or lien on, the livestock held in such trust. (e) Cash sales described For the purpose of this section, a cash sale means a sale in which the seller does not expressly extend credit to the buyer. .