{"data":{"id":"us-nc/n.c.-gen.-stat.-25-9-623","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 25-9-623","heading":"Right to redeem collateral.","body":"(a)\tPersons that may redeem. - A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.\n(b)\tRequirements for redemption. - To redeem collateral, a person shall tender:\n(1)\tFulfillment of all obligations secured by the collateral; and\n(2)\tThe reasonable expenses and attorney's fees described in G.S. 25-9-615(a)(1).\n(c)\tWhen redemption may occur. - A redemption may occur at any time before a secured party:\n(1)\tHas collected collateral under G.S. 25-9-607;\n(2)\tHas disposed of collateral or entered into a contract for its disposition under G.S. 25-9-610; or\n(3)\tHas accepted collateral in full or partial satisfaction of the obligation it secures under G.S. 25-9-622. (1965, c. 700, s. 1; 1975, c. 862, s. 7; 2000-169, s. 1.)","path":["Chapter 25. Uniform Commercial Code.","Article 9. Secured Transactions.","Part 6. Default."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_25/GS_25-9-623.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:58:47Z","sha256":"ea98f17cb60f78f6ea61a4b0a70b64443a02bbadd9064787684ea9494400dc77","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-25-9-622","next":"us-nc/n.c.-gen.-stat.-25-9-624"},"notice":"GroundRules: Original legal text. Not legal advice."}