RCW 62A.9A-623

RCW 62A.9A-623: Right to redeem collateral.

Last amended: 2000Year: 2026Length: 113 wordsSubsections: 1Official source
(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 attorneys' fees described in RCW 62A.9A-615 (a)(1). (c) When redemption may occur. A redemption may occur at any time before a secured party: (1) Has collected collateral under RCW 62A.9A-607 ; (2) Has disposed of collateral or entered into a contract for its disposition under RCW 62A.9A-610 ; or (3) Has accepted collateral in full or partial satisfaction of the obligation it secures under RCW 62A.9A-622 .
RCW 62A.9A-623: RCW 62A.9A-623: Right to redeem collateral. | Justis AI