Pennsylvania § 9623 - Right to redeem collateral.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 9623 — Right to redeem collateral., with citation guidance and answers to common questions.
§ 9623. Right to redeem collateral.
(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 fees described in section 9615(a)(1) (relating to application of proceeds).
(c) When redemption may occur.--A redemption may occur at any time before a secured party:
(1) has collected collateral under section 9607 (relating to collection and enforcement by secured party);
(2) has disposed of collateral or entered into a contract for its disposition under section 9610 (relating to disposition of collateral after default); or
(3) has accepted collateral in full or partial satisfaction of the obligation it secures under section 9622 (relating to effect of acceptance of collateral).
Cross References. Section 9623 is referred to in sections 9602, 9614, 9624 of this title; section 6259 of Title 12 (Commerce and Trade).
Frequently Asked Questions About Pennsylvania § 9623
What does Pennsylvania Consolidated Statutes § 9623 cover?
Section 9623 ("Right to redeem collateral.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. 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 Pennsylvania § 9623?
A common citation format is "Pennsylvania Consolidated Statutes § 9623" (Pennsylvania). 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 Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 9623 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania 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 Pennsylvania.