Florida § 679.623 - Right to redeem collateral.
Full text of Florida Florida Statutes § 679.623 — Right to redeem collateral., with citation guidance and answers to common questions.
§ 679.623. Right to redeem collateral.
(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’s fees described in s. 679.615(1)(a). (3) A redemption may occur at any time before a secured party: (a) Has collected collateral under s. 679.607; (b) Has disposed of collateral or entered into a contract for its disposition under s. 679.610; or (c) Has accepted collateral in full or partial satisfaction of the obligation it secures under s. 679.622.
Frequently Asked Questions About Florida § 679.623
What does Florida Statutes § 679.623 cover?
Section 679.623 ("Right to redeem collateral.") is part of the Florida Statutes, the codified statutory law of Florida. 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 Florida § 679.623?
A common citation format is "Florida Statutes § 679.623" (Florida). 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 Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 679.623 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida 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 Florida.