Current through codified legislation effective September 18, 2024
Section 28:9-623 - 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 § 28:9-615(a)(1).(c) A redemption may occur at any time before a secured party: (1) Has collected collateral under § 28:9-607;(2) Has disposed of collateral or entered into a contract for its disposition under § 28:9-610; or(3) Has accepted collateral in full or partial satisfaction of the obligation it secures under § 28:9-622.Oct. 26, 2000, D.C. Law 13-201, § 101, 47 DCR 7576.