104.9623 - Redemption of collateral.
104.9623 Redemption of collateral.
1. A debtor, any secondary obligor or any other secured party or lienholder may redeem collateral.
2. To redeem collateral, a person must tender:
(a) Fulfillment of all obligations secured by the collateral; and
(b) The reasonable expenses and attorney’s fees described in paragraph (a) of subsection 1 of NRS 104.9615.
3. A redemption may occur at any time before a secured party:
(a) Has collected collateral under NRS 104.9607;
(b) Has disposed of collateral or entered into a contract for its disposition under NRS 104.9610; or
(c) Has accepted collateral in full or partial satisfaction of the obligation it secures under NRS 104.9622.
(Added to NRS by 1999, 358)