Right to redeem collateral.

1. Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral. 2. Requirements for redemption. To redeem collateral, a person shall tender: a. fulfillment of all obligations secured by the collateral; and b. the reasonable expenses and attorney’s fees described in section 554.9615, subsection 1 , paragraph “a” . 3. When redemption may occur. A redemption may occur at any time before a secured party: a. has collected collateral under section 554.9607 ; b. has disposed of collateral or entered into a contract for its disposition under section 554.9610 ; or c. has accepted collateral in full or partial satisfaction of the obligation it secures under section 554.9622 . 2000 Acts, ch 1149, §121, 187 Referred to in §554.9602 , 554.9614 , 554.9624