§490:9-623 - Right to redeem collateral. - Hawaii Statutes

     §490:9-623  Right to redeem collateral.  (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 section 490:9-615(a)(1).

     (c)  A redemption may occur at any time before a secured party:

     (1)  Has collected collateral under section 490:9-607;

     (2)  Has disposed of collateral or entered into a contract for its disposition under section 490:9-610; or

     (3)  Has accepted collateral in full or partial satisfaction of the obligation it secures under section 490:9-622. [L 2000, c 241, pt of §1]