P.R. Laws tit. 19, § 2383
(a) Persons that may redeem.— A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.
(b) Requirements for redemption.— 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 § 2375(a)(1) of this title.
(c) When redemption may occur.— A redemption may occur at any time before a secured party:
(1) Has collected collateral under § 2367 of this title;
(2) has disposed of collateral or entered into a contract for its disposition under § 2370 of this title, or
(3) has accepted collateral in full or partial satisfaction of the obligation it secures under § 2382 of this title.
History —Sept. 19, 1996, No. 241, added as § 9-623 on Jan. 17, 2012, No. 21, § 11, eff. 1 year after Jan. 17, 2012.