Ark. Code Ann. § 4-9-623: Right to redeem collateral.

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

(b) 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 § 4-9-615(a)(1).

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

(1) has collected collateral under § 4-9-607;

(2) has disposed of collateral or entered into a contract for its disposition under § 4-9-610; or

(3) has accepted collateral in full or partial satisfaction of the obligation it secures under § 4-9-622.