Redemption of collateral.

NRS

104.9623

Redemption of collateral.

1. A debtor, any secondary obligor or any other secured party or lienholder may redeem collateral.

2. To redeem collateral, a person must tender:

(a) Fulfillment of all obligations secured by the collateral; and

(b) The reasonable expenses and attorney’s fees described in paragraph (a) of subsection 1 of NRS 104.9615 .

3. A redemption may occur at any time before a secured party:

(a) Has collected collateral under NRS 104.9607 ;

(b) Has disposed of collateral or entered into a contract for its disposition under NRS 104.9610 ; or

(c) Has accepted collateral in full or partial satisfaction of the obligation it secures under NRS 104.9622 .

(Added to NRS by 1999, 358 )