§ 47-9623 — Right to redeem collateral

Arizona § 47-9623

• Jurisdiction: Arizona
• Title 47: Arizona Revised Statutes
• Ch. 9: SECURED TRANSACTIONS
• Art. 6: Default

Text

A. A debtor, any secondary obligor or any other secured party or lienholder may redeem collateral.

B. To redeem collateral, a person shall tender:

1. Fulfillment of all obligations secured by the collateral; and

2. The reasonable expenses and attorney fees described in section 47-9615, subsection A, paragraph 1.

C. A redemption may occur at any time before a secured party:

1. Has collected collateral under section 47-9607;

2. Has disposed of collateral or entered into a contract for its disposition under section 47-9610; or

3. Has accepted collateral in full or partial satisfaction of the obligation it secures under section 47-9622.