Va. Code § 8.9A-623

Current with changes from the 2024 Special Session I, ch. 2
Section 8.9A-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 § 8.9A-615 A(a) (1).
(c) When redemption may occur. A redemption may occur at any time before a secured party:
(1) has collected collateral under § 8.9-607A;
(2) has disposed of collateral or entered into a contract for its disposition under § 8.9-610A; or
(3) has accepted collateral in full or partial satisfaction of the obligation it secures under § 8.9-622A.

Va. Code § 8.9A-623

1964, c. 219, § 8.9-506; 2000, c. 1007.
Amended by Acts 2000, § c.1007.
Amended by Acts 1964, § c. 219, § 8.9-506.