Can you summarize IACO 554.9623?

Short Summary

1.Persons that may redeem.A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral. 2.Requirements for redemption.To redeem collateral, a person shall tender: a.fulfillment of all obligations secured by the collateral; and b.the reasonable expenses and attorneys fees described in section 554.9615, subsection 1, paragraph a. 3.When redemption may occur.A redemption may occur at any time before a secured party: a.has collected collateral under section 554.9607; b.has disposed of collateral or entered into a contract for its disposition under section 554.9610; or c.has accepted collateral in full or partial satisfaction of the obligation it secures under section 554.9622. 2000 Acts, ch 1149, 121, 187 Referred to in 554.9602, 554.9614, 554.9624

Jurisdiction

Iowa

Source

• Banking