A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral. To redeem collateral, a person shall tender: Fulfillment of all obligations secured by the collateral; and The reasonable expenses and attorney’s fees described in § 28:9-615(a)(1) . A redemption may occur at any time before a secured party: Has collected collateral under § 28:9-607 ; Has disposed of collateral or entered into a contract for its disposition under § 28:9-610 ; or Has accepted collateral in full or partial satisfaction of the obligation it secures under § 28:9-622 .
‹ Prev All District Of Columbia sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.