# Commercial Law (GCL)

## Title 9. Secured Transactions

### Subtitle 6. Default

#### Section 9-623

(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 Sec. 9-615(a)(1).

(c) A redemption may occur at any time before a secured party:

  (1) Has collected collateral under Sec. 9-607;

  (2) Has disposed of collateral or entered into a contract for its disposition under Sec. 9-610; or

  (3) Has accepted collateral in full or partial satisfaction of the obligation it secures under Sec. 9-622.

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Md. Code Ann., Com. Law (as displayed at mgaleg.maryland.gov, October 16, 2026)