Sec. 623. (a) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral. (b) 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 IC 26-1-9.1-615 (a)(1). (c) A redemption may occur at any time before a secured party: (1) has collected collateral under IC 26-1-9.1-607 ; (2) has disposed of collateral or entered into a contract for its disposition under IC 26-1-9.1-610 ; or (3) has accepted collateral in full or partial satisfaction of the obligation it secures under IC 26-1-9.1-622 .
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