Secured Transactions

ORS 79.0623
UCC 9-623


A 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 fees described in ORS 79.0615 (UCC 9-615) (1)(a).


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


Has collected collateral under ORS 79.0607 (UCC 9-607);


Has disposed of collateral or entered into a contract for its disposition under ORS 79.0610 (UCC 9-610); or


Has accepted collateral in full or partial satisfaction of the obligation it secures under ORS 79.0622 (UCC 9-622). [2001 c.445 §121]


Last accessed
May 30, 2023