(1) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral. (2) 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 s. 679.615(1)(a). (3) A redemption may occur at any time before a secured party: (a) Has collected collateral under s. 679.607; (b) Has disposed of collateral or entered into a contract for its disposition under s. 679.610; or (c) Has accepted collateral in full or partial satisfaction of the obligation it secures under s. 679.622.
‹ Prev All Florida 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.