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Alabama · Through Act 2026-611

Ala. Code § 7-9A-623: Right to Redeem Collateral.

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Where this section sits in the code
  1. Title 7 Commercial Code.
  2. Article 9A Secured Transactions.
  3. Part 6 Default.
  4. Division 1 Default and Enforcement of Security Interest.

(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 7-9A-615(a)(1).

(c) When redemption may occur. A redemption may occur at any time before a secured party:

(1) has collected collateral under Section 7-9A-607;

(2) has disposed of collateral or entered into a contract for its disposition under Section 7-9A-610; or

(3) has accepted collateral in full or partial satisfaction of the obligation it secures under Section 7-9A-622.

Collected 2026-09-03T14:01:52Z. Source file · JSON

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