§ 11-9-623. Right to Redeem Collateral

1. Persons that may redeem.    A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.
2. 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 paragraph (1) of subsection (a) of Code Section 11-9-615.
3. When redemption may occur.    A redemption may occur at any time before a secured party:
   1. Has collected collateral under Code Section 11-9-607;
   2. Has disposed of collateral or entered into a contract for its disposition under Code Section 11-9-610; or
   3. Has accepted collateral in full or partial satisfaction of the obligation it secures under Code Section 11-9-622.

History. Code 1981, § 11-9-623 , enacted by Ga. L. 2001, p. 362, § 1.