Md. Code, Com. § 9-623

Current with changes from the 2024 Legislative Session
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 § 9-615(a)(1).
(c) A redemption may occur at any time before a secured party:
(1) Has collected collateral under § 9-607;
(2) Has disposed of collateral or entered into a contract for its disposition under § 9-610; or
(3) Has accepted collateral in full or partial satisfaction of the obligation it secures under § 9-622.

Md. Code, CL § 9-623