{"data":{"id":"us-il/810-ilcs-5-9-623","jurisdiction":"us-il","citation":"810 ILCS 5/9-623","heading":"Right to redeem collateral.","body":"(a) Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.\n(b) Requirements for redemption. To redeem collateral, a person shall tender:\n(1) fulfillment of all obligations secured by the collateral; and\n(2) the reasonable expenses and attorney's fees described in Section 9-615(a)(1).\n(c) When redemption may occur. A redemption may occur at any time before a secured party:\n(1) has collected collateral under Section 9-607;\n(2) has disposed of collateral or entered into a contract for its disposition under Section 9-610; or\n(3) has accepted collateral in full or partial satisfaction of the obligation it secures under Section 9-622.","path":["CHAPTER 810 COMMERCIAL CODE","Uniform Commercial Code."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2301\u0026ChapterID=66\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:47Z","sha256":"805399f930e21c241f5faa332b908e6a393728958dd43682954d309f717a371a","source_id":"us-il","stale":false,"prev":"us-il/810-ilcs-5-9-622","next":"us-il/810-ilcs-5-9-624"},"notice":"GroundRules: Original legal text. Not legal advice."}