D.C. Code § 28:9-623: Right to redeem collateral.
Where this section sits in the code
- Title 28. Commercial Instruments and Transactions. [Enacted title]
- Subtitle I. Uniform Commercial Code.
- Article 9. Secured Transactions.
- Part VI. Default.
- 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