{"data":{"id":"us-tx/tex.-business-commerce-code-9.623","jurisdiction":"us-tx","citation":"Tex. Business \u0026 Commerce Code § 9.623","heading":"RIGHT TO REDEEM COLLATERAL.","body":"(a) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.\n(b) To redeem collateral, a person shall tender:\n(1) fulfillment of all obligations secured by the collateral; and\n(2) the reasonable expenses and attorneys' fees described in Section 9.615(a)(1).\n(c) 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.\nAdded by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.","path":["BUSINESS AND COMMERCE CODE","TITLE 1. UNIFORM COMMERCIAL CODE","CHAPTER 9. SECURED TRANSACTIONS","SUBCHAPTER F. DEFAULT"],"source_url":"https://statutes.capitol.texas.gov/Docs/BC/htm/BC.9.htm#9.623","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:56Z","sha256":"544da0895ab813854fbaa2ef33fc5b536bd7a5fd21527ab6deaf79c64cce1e7f","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-commerce-code-9.622","next":"us-tx/tex.-business-commerce-code-9.624"},"notice":"GroundRules: Original legal text. Not legal advice."}