Ohio Rev. Code § 1309.623
Right to redeem collateral - UCC 9-623.
Ohio · Chapter 1309 | Secured Transactions · Status: effective
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- Citation
- Ohio Rev. Code § 1309.623, Right to redeem collateral - UCC 9-623, Ohio, version 1 as recorded 2026-08-11, yourstate.us, https://yourstate.us/provision/1169978
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Full text
(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 division (A)(1) of section 1309.615 of the Revised Code.
(C) A redemption may occur at any time before a secured party:
(1) Has collected collateral under section 1309.607 of the Revised Code;
(2) Has disposed of collateral or entered into a contract for its disposition under section 1309.610 of the Revised Code; or(3) Has accepted collateral in full or partial satisfaction of the obligation it secures under section 1309.622 of the Revised Code.