§ 9–623
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 9-623 (2026)
Title 9. Secured Transactions
Subtitle 6. Default
§ 9–623LinkCopy Citation
(a)
A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.
(b)
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 § 9-615(a)(1).
(c)
A redemption may occur at any time before a secured party:
(1)
Has collected collateral under § 9-607;
(2)
Has disposed of collateral or entered into a contract for its disposition under § 9-610; or
(3)
Has accepted collateral in full or partial satisfaction of the obligation it secures under § 9-622.