Idaho § 28-9-623 RIGHT TO REDEEM COLLATERAL

Idaho Statutes

§ 28-9-623 — RIGHT TO REDEEM COLLATERAL

Idaho·Title 28 COMMERCIAL TRANSACTIONS·Part 6. DEFAULT·Ch. 9 SECURED TRANSACTIONS

(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’s fees described in section 28-9-615 (a)(1).

(c)A redemption may occur at any time before a secured party:

(1)Has collected collateral under section 28-9-607;

(2)Has disposed of collateral or entered into a contract for its disposition under section 28-9-610; or

(3)Has accepted collateral in full or partial satisfaction of the obligation it secures under section 28-9-622.

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(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’s fees described in section 28-9-615 (a)(1).
(c) A redemption may occur at any time before a secured party:
(1) Has collected collateral under section 28-9-607;
(2) Has disposed of collateral or entered into a contract for its disposition under section 28-9-610; or
(3) Has accepted collateral in full or partial satisfaction of the obligation it secures under section 28-9-622.

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