State Codes and Statutes
Statutes > Virginia > Title-8-9a > Part-6 > 8-9a-623
§ 8.9A-623. Right to redeem collateral.
(a) Persons that may redeem. A debtor, any secondary obligor, or any othersecured 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)(1).
(c) When redemption may occur. A redemption may occur at any time before asecured party:
(1) has collected collateral under § 8.9A-607;
(2) has disposed of collateral or entered into a contract for its dispositionunder § 8.9A-610; or
(3) has accepted collateral in full or partial satisfaction of the obligationit secures under § 8.9A-622.
(1964, c. 219, § 8.9-506; 2000, c. 1007.)
State Codes and Statutes
Statutes > Virginia > Title-8-9a > Part-6 > 8-9a-623
§ 8.9A-623. Right to redeem collateral.
(a) Persons that may redeem. A debtor, any secondary obligor, or any othersecured 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)(1).
(c) When redemption may occur. A redemption may occur at any time before asecured party:
(1) has collected collateral under § 8.9A-607;
(2) has disposed of collateral or entered into a contract for its dispositionunder § 8.9A-610; or
(3) has accepted collateral in full or partial satisfaction of the obligationit secures under § 8.9A-622.
(1964, c. 219, § 8.9-506; 2000, c. 1007.)
State Codes and Statutes
Statutes >
Virginia >
Title-8-9a >
Part-6 >
8-9a-623 § 8.9A-623. Right to redeem collateral.
(a) Persons that may redeem. A debtor, any secondary obligor, or any othersecured 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)(1).
(c) When redemption may occur. A redemption may occur at any time before asecured party:
(1) has collected collateral under § 8.9A-607;
(2) has disposed of collateral or entered into a contract for its dispositionunder § 8.9A-610; or
(3) has accepted collateral in full or partial satisfaction of the obligationit secures under § 8.9A-622.
(1964, c. 219, § 8.9-506; 2000, c. 1007.)
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