New Jersey § 12a:9-623
Full text of New Jersey New Jersey Statutes § 12a:9-623, with citation guidance and answers to common questions.
§ 12a:9-623.
(a) Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem
collateral. (b) Requirements for redemption. 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 12A:9-615 (a) (1). (c) When redemption may occur. A redemption may occur at any time before a secured party: (1) has collected collateral under 12A:9-607; (2) has disposed of collateral or entered into a contract for its disposition under
12A:9-610; or (3) has accepted collateral in full or partial satisfaction of the obligation it secures
under 12A:9-622.
Frequently Asked Questions About New Jersey § 12a:9-623
What does New Jersey Statutes § 12a:9-623 cover?
Section 12a:9-623 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 12a:9-623?
A common citation format is "New Jersey Statutes § 12a:9-623" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:9-623 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.