Tenn. Code § 47-9-623

Current through Acts 2023-2024, ch. 800
Section 47-9-623 - 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 § 47-9-615(a)(1).
(c)When redemption may occur. A redemption may occur at any time before a secured party:
(1) has collected collateral under § 47-9-607;
(2) has disposed of collateral or entered into a contract for its disposition under § 47-9-610; or
(3) has accepted collateral in full or partial satisfaction of the obligation it secures under § 47-9-622.

T.C.A. § 47-9-623

Acts 2000, ch. 846, § 1.