13 Pa. C.S. § 9623

Current through P.A. Acts 2023-66
Section 9623 - 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 fees described in section 9615(a)(1) (relating to application of proceeds).
(c) When redemption may occur.--A redemption may occur at any time before a secured party:
(1) has collected collateral under section 9607 (relating to collection and enforcement by secured party);
(2) has disposed of collateral or entered into a contract for its disposition under section 9610 (relating to disposition of collateral after default); or
(3) has accepted collateral in full or partial satisfaction of the obligation it secures under section 9622 (relating to effect of acceptance of collateral).

13 Pa.C.S. § 9623

2001, June 8, P.L. 123, No. 18, § 16, effective 7/1/2001.