Idaho § 28-9-623 RIGHT TO REDEEM COLLATERAL

Idaho Statutes

§ 28-9-623 — RIGHT TO REDEEM COLLATERAL

Idaho § 28-9-623

Title 28COMMERCIAL TRANSACTIONS

Part 6.DEFAULT

Ch. 9SECURED TRANSACTIONS

This text of Idaho § 28-9-623 (RIGHT TO REDEEM COLLATERAL) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 28-9-623 (2026).

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’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.