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Current as of April 06, 2022 | Updated by FindLaw Staff
(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).
(c) When redemption may occur. A redemption may occur at any time before a secured party:
(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.
Cite this article: FindLaw.com - Washington Revised Code Title 62A. Uniform Commercial Code § 62A.9A-623 62A.9A-623. Right to redeem collateral - last updated April 06, 2022 | https://codes.findlaw.com/wa/title-62a-uniform-commercial-code/wa-rev-code-62a-9a-623/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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