{"data":{"id":"us-la/rs-10-9-623","jurisdiction":"us-la","citation":"RS 10:9-623","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 R.S. 10:9-615(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 R.S. 10:9-607;\n(2) has disposed of collateral or entered into a contract for its disposition under R.S. 10:9-610; or\n(3) has accepted collateral in full or partial satisfaction of the obligation it secures under R.S. 10:9-622.\n(d) Redemption in judicial proceeding. If collateral has been seized in a judicial proceeding, a redemption may occur at any time before the judicial sale. To redeem collateral in such circumstances, a person shall also tender the costs of the proceeding.","path":["TITLE 10. COMMERCIAL LAWS"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=74508","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:50:10Z","sha256":"c27a7ce5ff6ed91f9e39d35cc15971299bc8251a7c0e77c0370874c8afa3cd35","source_id":"us-la","stale":false,"prev":"us-la/rs-10-9-622","next":"us-la/rs-10-9-624"},"notice":"GroundRules: Original legal text. Not legal advice."}