RCW 62A.9A-623: Right to redeem collateral.

RCWs > Title 62A > Chapter 62A.9A > Section 62A.9A-623

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62A.9A-622 << 62A.9A-623 >> 62A.9A-624

PDFRCW 62A.9A-623

Right to redeem collateral.

(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 attorneys' fees described in RCW 62A.9A-615(a)(1).

(1) Has collected collateral under RCW 62A.9A-607;

(2) Has disposed of collateral or entered into a contract for its disposition under RCW 62A.9A-610; or

(3) Has accepted collateral in full or partial satisfaction of the obligation it secures under RCW 62A.9A-622.

[2000 c 250 § 9A-623.]