W. Va. Code § 46-9-623

Current through 2024 Regular Session
Section 46-9-623 - 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 section 9-615(a)(1).
(c)When redemption may occur. A redemption may occur at any time before a secured party:
(1) Has collected collateral under section 9-607;
(2) Has disposed of collateral or entered into a contract for its disposition under section 9-610; or
(3) Has accepted collateral in full or partial satisfaction of the obligation it secures under section 9-622.

W. Va. Code § 46-9-623