Right to redeem collateral

(a) Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral. 927 11-9-623 (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 paragraph (1) of subsection (a) of Code Section 11-9-615. (c) When redemption may occur. A redemption may occur at any time before a secured party: (1) Has collected collateral under Code Section 11-9-607; (2) Has disposed of collateral or entered into a contract for its disposition under Code Section 11-9-610; or (3) Has accepted collateral in full or partial satisfaction of the obligation it secures under Code Section 11-9-622. History. Code 1981, § 11-9-623, enacted by Ga. L. 2001, p. 362, § 1.