9A V.S.A. § 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 subdivision 9—615(a)(1) of this title.

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

(1) has collected collateral under section 9—607 of this title;

(2) has disposed of collateral or entered into a contract for its disposition under section 9—610 of this title; or

(3) has accepted collateral in full or partial satisfaction of the obligation it secures under section 9—622 of this title.