2019 Revised Code of Washington
Title 62A - Uniform Commercial Code
Chapter 62A.9A - Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper.
62A.9A-623 Right to redeem collateral.
RCW 62A.9A-623 Right to redeem collateral.
(a) Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.
(b) Requirements for redemption. To redeem collateral, a person shall tender:
(1) Fulfillment of all obligations secured by the collateral; and
(2) The reasonable expenses and attorneys' fees described in RCW 62A.9A-615(a)(1).
(c) When redemption may occur. A redemption may occur at any time before a secured party:
(1) Has collected collateral under RCW 62A.9A-607;
(2) Has disposed of collateral or entered into a contract for its disposition under RCW 62A.9A-610; or
(3) Has accepted collateral in full or partial satisfaction of the obligation it secures under RCW 62A.9A-622.
[2000 c 250 ยง 9A-623.]
