(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's fees described in section 9-615(a)(1). (c) When redemption may occur. A redemption may occur at any time before a secured party: (1) Has collected collateral under section 9-607; (2) Has disposed of collateral or entered into a contract for its disposition under section 9-610; or (3) Has accepted collateral in full or partial satisfaction of the obligation it secures under section 9-622.
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