Iowa § 554.9623 Right to redeem collateral

Iowa Statutes

§ 554.9623 — Right to redeem collateral

Iowa § 554.9623

Title XIIICOMMERCE

Ch. 554UNIFORM COMMERCIAL CODE

This text of Iowa § 554.9623 (Right to redeem collateral) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 554.9623 (2026).

Text

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’s fees described in section 554.9615, subsection 1, paragraph “a”.

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

a.has collected collateral under section 554.9607;

b.has disposed of collateral or entered into a contract for its disposition under section 554.9610; or

c.has accepted collateral in full or partial satisfaction of the obligation it secures under section 554.9622.

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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’s fees described in section 554.9615, subsection
1, paragraph “a”.
3. When redemption may occur. A redemption may occur at any time before a secured
party:
a. has collected collateral under section 554.9607;
b. has disposed of collateral or entered into a contract for its disposition under section
554.9610; or
c. has accepted collateral in full or partial satisfaction of the obligation it secures under
section 554.9622.