§ 75-9-623. Right to redeem collateral

MS Code § 75-9-623 (2019) (N/A)
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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 then due or past due (excluding any sums that would not be due except for an acceleration provision); and

(2) The reasonable expenses and attorney’s fees described in Section 75-9-615(a)(1).

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

(1) Has collected collateral under Section 75-9-607;

(2) Has disposed of collateral or entered into a contract for its disposition under Section 75-9-610; or

(3) Has accepted collateral in full or partial satisfaction of the obligation it secures under Section 75-9-622.