District Of Columbia § 28:9-623 - Right to redeem collateral.
Full text of District Of Columbia D.C. Code § 28:9-623 — Right to redeem collateral., with citation guidance and answers to common questions.
§ 28:9-623. Right to redeem collateral.
28:9-623A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.
To redeem collateral, a person shall tender:
Fulfillment of all obligations secured by the collateral; and
The reasonable expenses and attorney’s fees described in .
A redemption may occur at any time before a secured party:
Has collected collateral under ;
Has disposed of collateral or entered into a contract for its disposition under ; or
Has accepted collateral in full or partial satisfaction of the obligation it secures under .
Annotations
4. Effect of “Repledging.” Section 9-207 generally permits a secured party having possession or control of collateral to create a security interest in the collateral. As explained in the Comments to that section, the debtor’s right (as opposed to its practical ability) to redeem collateral is not affected by, and does not affect, the priority of a security interest created by the debtor’s secured party.
3. Redemption of Remaining Collateral Following Partial Enforcement. Under Section 9-610 a secured party may make successive dispositions of portions of its collateral. These dispositions would not affect the debtor’s, another secured party’s, or a lienholder’s right to redeem the remaining collateral.
2. Redemption Right. Under this section, as under former Section 9-506, the debtor or another secured party may redeem collateral as long as the secured party has not collected ( Section 9-607), disposed of or contracted for the disposition of ( Section 9-610), or accepted ( Section 9-620) the collateral. Although this section generally follows former Section 9-506, it extends the right of redemption to holders of nonconsensual liens. To redeem the collateral a person must tender fulfillment of all obligations secured, plus certain expenses. If the entire balance of a secured obligation has been accelerated, it would be necessary to tender the entire balance. A tender of fulfillment obviously means more than a new promise to perform an existing promise. It requires payment in full of all monetary obligations then due and performance in full of all other obligations then matured. If unmatured secured obligations remain, the security interest continues to secure them (i.e., as if there had been no default).
1. Source. Former Section 9-506.
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 28:9-623
What does D.C. Code § 28:9-623 cover?
Section 28:9-623 ("Right to redeem collateral.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 28:9-623?
A common citation format is "D.C. Code § 28:9-623" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 28:9-623 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.