(a) Persons that may redeem.-- A debtor, any secondary obligor or any other secured party or lienholder may redeem collateral. (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 fees described in section 9615(a)(1) (relating to application of proceeds). (c) When redemption may occur.-- A redemption may occur at any time before a secured party: (1) has collected collateral under section 9607 (relating to collection and enforcement by secured party); (2) has disposed of collateral or entered into a contract for its disposition under section 9610 (relating to disposition of collateral after default); or (3) has accepted collateral in full or partial satisfaction of the obligation it secures under section 9622 (relating to effect of acceptance of collateral).
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