Current through L. 2024, c. 185.
Section 9-623 - Right to redeem collateral(a) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.(b) To redeem collateral, a person shall tender:(1) fulfillment of all obligations secured by the collateral; and(2) the reasonable expenses and attorney's fees described in subdivision 9-615(a)(1) of this title.(c) A redemption may occur at any time before a secured party:(1) has collected collateral under section 9-607 of this title;(2) has disposed of collateral or entered into a contract for its disposition under section 9-610 of this title; or(3) has accepted collateral in full or partial satisfaction of the obligation it secures under section 9-622 of this title.Added 1999, No. 106 (Adj. Sess.), § 2, eff. 7/1/2001.