Section 440.9623 - Right to redeem collateral(1) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.(2) To redeem collateral, a person shall tender both of the following: (a) Fulfillment of all obligations secured by the collateral.(b) The reasonable expenses and attorney fees described in section 9615(1)(a).(3) A redemption may occur at any time before a secured party has done 1 of the following: (a) Has collected collateral under section 9607.(b) Has disposed of collateral or entered into a contract for its disposition under section 9610.(c) Has accepted collateral in full or partial satisfaction of the obligation it secures under section 9622.Add. 2000, Act 348, Eff. 7/1/2001.