{"data":{"id":"us-mi/mich.-comp.-laws-440.9623","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 440.9623","heading":"Right to redeem collateral.","body":"Sec. 9623.\n\nA debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.\n\nTo redeem collateral, a person shall tender both of the following:\n\nFulfillment of all obligations secured by the collateral.\n\nThe reasonable expenses and attorney fees described in section 9615(1)(a).\n\nA redemption may occur at any time before a secured party has done 1 of the following:\n\nHas collected collateral under section 9607.\n\nHas disposed of collateral or entered into a contract for its disposition under section 9610.\n\nHas accepted collateral in full or partial satisfaction of the obligation it secures under section 9622.","path":["MI Code","Chapter 440","Act Act-174-of-1962"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-440-9623","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"3aa3d1434212618bc0d848ecd173b6c6a6aae16dabf76452113211b8e593f09e","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-440.9622","next":"us-mi/mich.-comp.-laws-440.9624"},"notice":"GroundRules: Original legal text. Not legal advice."}