Current through 2024 Regular Session legislation effective June 6, 2024
Section 79.0623 - UCC 9-623. 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:(a) Fulfillment of all obligations secured by the collateral; and(b) The reasonable expenses and attorney fees described in ORS 79.0615(1)(a).(3) A redemption may occur at any time before a secured party:(a) Has collected collateral under ORS 79.0607;(b) Has disposed of collateral or entered into a contract for its disposition under ORS 79.0610; or(c) Has accepted collateral in full or partial satisfaction of the obligation it secures under ORS 79.0622.