(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 fees described in ORS 79.0615 (1)(a).
(3) A redemption may occur at any time before a secured party:
(a) Has collected collateral under ORS 79.0607;
(b) Has disposed of collateral or entered into a contract for its disposition under ORS 79.0610; or
(c) Has accepted collateral in full or partial satisfaction of the obligation it secures under ORS 79.0622. [2001 c.445 §121]
Section: Previous 79.0616 79.0617 79.0618 79.0619 79.0620 79.0621 79.0622 79.0623 79.0624 79.0625 79.0626 79.0627 79.0628 79.1010 79.1020 NextLast modified: August 7, 2008