Tennessee § 47-9-623 Right to redeem collateral

Tennessee Statutes

§ 47-9-623 — Right to redeem collateral

Tennessee § 47-9-623

Title47

This text of Tennessee § 47-9-623 (Right to redeem collateral) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 47-9-623 (2026).

Text

(a)Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.

(b)Requirements for redemption. 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 § 47-9-615(a)(1) .

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

(1)has collected collateral under § 47-9-607 ;

(2)has disposed of collateral or entered into a contract for its disposition under § 47-9-610 ; or (3) has accepted collateral in full or partial satisfaction of the obligation it secures under § 47-9-622 .

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(a) Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral. (b) Requirements for redemption. 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 § 47-9-615(a)(1) . (c) When redemption may occur. A redemption may occur at any time before a secured party: (1) has collected collateral under § 47-9-607 ; (2) has disposed of collateral or entered into a contract for its disposition under § 47-9-610 ; or (3) has accepted collateral in full or partial satisfaction of the obligation it secures under § 47-9-622 .