Md. Code, Com. Law § 9-623
Md. Code, Com. Law § 9-623
Maryland · Maryland Code, Commercial Law · Status: effective
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- Citation
- Md. Code, Com. Law § 9-623, Maryland, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1757701
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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 § 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.