Section 11-9-623. 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 attorney's fees described in paragraph (1) of subsection (a) of Code Section 11-9-615.

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

   (1) Has collected collateral under Code Section 11-9-607;

   (2) Has disposed of collateral or entered into a contract for its disposition under Code Section 11-9-610; or

   (3) Has accepted collateral in full or partial satisfaction of the obligation it secures under Code Section 11-9-622.

Code 1981, § 11-9-623, enacted by Ga. L. 2001, p. 362, § 1.