Section 12A:9-623 - Right to redeem collateral(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 12A:9-615 (a) (1).(c) When redemption may occur. A redemption may occur at any time before a secured party: (1) has collected collateral under 12A:9-607;(2) has disposed of collateral or entered into a contract for its disposition under 12A:9-610; or(3) has accepted collateral in full or partial satisfaction of the obligation it secures under 12A:9-622.Enacted c. 117, s. 1, eff. 6/26/2001, op. 7/1/2001; amended c. 386, s. 112, eff. 1/8/2002. P.L. 2001, c. 386, s. 127 provides: "This act, P.L. 2001, c. 386, amends and supplements P.L. 2001, c. 117 and shall take effect immediately and shall be applied retroactively to July 1, 2001."