{"data":{"id":"us-nj/n.j.-stat.-12a-9-623","jurisdiction":"us-nj","citation":"N.J. Stat. § 12A:9-623","heading":"Right to redeem collateral.","body":"Right to Redeem Collateral.\n(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 12A: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 12A:9-607;\n(2)\thas disposed of collateral or entered into a contract for its disposition under 12A:9-610; or\n(3)\thas accepted collateral in full or partial satisfaction of the obligation it secures under 12A:9-622.\nL.2001, c.117, s.1; amended 2001, c.386, s.112.","path":["TITLE 12A COMMERCIAL TRANSACTIONS"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"f0107ce3e57526bb56e92d59014b46c8c6b2e77f50cd22c4bdac8f74a2aa50b5","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-12a-9-622","next":"us-nj/n.j.-stat.-12a-9-624"},"notice":"GroundRules: Original legal text. Not legal advice."}