Current through the 2024 Legislative Session.
Section 9623 - 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 both of the following:(1) Fulfillment of all obligations secured by the collateral.(2) The reasonable expenses and attorney's fees described in paragraph (1) of subdivision (a) of Section 9615.(c) A redemption may occur at any time before a secured party has done any of the following: (1) Collected collateral under Section 9607.(2) Disposed of collateral or entered into a contract for its disposition under Section 9610.(3) Accepted collateral in full or partial satisfaction of the obligation it secures under Section 9622.EFFECTIVE 7/01/2001. Added10/10/1999 (Bill Number: SB 45) (Chapter 991).