CA Com Code Section 9623


(a)

A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.

(b)

To redeem collateral, a person shall tender both of the following:

(1)

Fulfillment of all obligations secured by the collateral.

(2)

The reasonable expenses and attorney’s fees described in paragraph (1) of subdivision (a) of Section 9615.

(c)

A redemption may occur at any time before a secured party has done any of the following:

(1)

Collected collateral under Section 9607.

(2)

Disposed of collateral or entered into a contract for its disposition under Section 9610.

(3)

Accepted collateral in full or partial satisfaction of the obligation it secures under Section 9622.
Last Updated

Aug. 19, 2023

§ 9623’s source at ca​.gov