Idaho Statutes

Idaho Statutes are updated to the web July 1 following the legislative session.

pecnv.out

TITLE 28
COMMERCIAL TRANSACTIONS
CHAPTER 9
SECURED TRANSACTIONS
PART 6.
DEFAULT
28-9-623.  Right to redeem collateral. (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.

History:
[28-9-623, added 2001, ch. 208, sec. 2, p. 794.]


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