Utah Code § 70A-9a-623
Right to redeem collateral
Utah · Utah Code Title 70A — Uniform Commercial Code · Status: effective
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- Citation
- Utah Code § 70A-9a-623, Right to redeem collateral, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2350255
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Full text
(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 Subsection 70A-9a-615(1)(a).
(3) A redemption may occur at any time before a secured party:
(a) has collected collateral under Section 70A-9a-607;
(b) has disposed of collateral or entered into a contract for its disposition under Section 70A-9a-610; or
(c) has accepted collateral in full or partial satisfaction of the obligation it secures under Section 70A-9a-622.