Current through Acts 2023-2024, ch. 272
Section 409.623 - Right to redeem collateral(1) PERSONS THAT MAY REDEEM. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.(2) REQUIREMENTS FOR REDEMPTION. To redeem collateral, a person shall tender:(a) Fulfillment of all obligations secured by the collateral; and(b) The reasonable expenses and attorney fees described in s. 409.615(1) (a).(3) WHEN REDEMPTION MAY OCCUR. A redemption may occur at any time before a secured party: (a) Has collected collateral under s. 409.607;(b) Has disposed of collateral or entered into a contract for its disposition under s. 409.610; or(c) Has accepted collateral in full or partial satisfaction of the obligation it secures under s. 409.622.