The Florida Senate

679.623  Right to redeem collateral.--

(1)  A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.

(2)  To redeem collateral, a person shall tender:

(a)  Fulfillment of all obligations secured by the collateral; and

(b)  The reasonable expenses and attorney's fees described in s. 679.615(1)(a).

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

(a)  Has collected collateral under s. 679.607;

(b)  Has disposed of collateral or entered into a contract for its disposition under s. 679.610; or

(c)  Has accepted collateral in full or partial satisfaction of the obligation it secures under s. 679.622

History.--s. 7, ch. 2001-198.