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2010 Florida Statutes
SECTION 623
Right to redeem collateral.
Right to redeem collateral.
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.