GroundRules
← Search the law
Georgia · Snapshot Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17

O.C.G.A. § 11-9-623: Right to redeem collateral.

Read at publisher ↗
Where this section sits in the code
  1. TITLE 11 Commercial Code
  2. Article 9 Secured Transactions
  3. PART 6 Default
  4. Subpart 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 paragraph (1) of subsection (a) of Code Section 11-9-615.

(c) 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.

Collected 2026-09-17T19:34:57Z. Source file · JSON

Browse this collection