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District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 28:9-623: Right to redeem collateral.

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Where this section sits in the code
  1. Title 28. Commercial Instruments and Transactions. [Enacted title]
  2. Subtitle I. Uniform Commercial Code.
  3. Article 9. Secured Transactions.
  4. Part VI. Default.
  5. Subpart 1. Default and Enforcement of Security Interest.

(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 § 28:9-615(a)(1).

(c)

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

(1)

Has collected collateral under § 28:9-607;

(2)

Has disposed of collateral or entered into a contract for its disposition under § 28:9-610; or

(3)

Has accepted collateral in full or partial satisfaction of the obligation it secures under § 28:9-622.

Collected 2026-08-29T05:44:07Z. Source file · JSON

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