Right to redeem collateral

4-9-623. Right to redeem collateral. (a) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral. (b) To redeem collateral, a person shall tender: (1) Fulfillment of all obligations secured by the collateral; and (2) The reasonable expenses and reasonable attorney's fees described in section 4-9-615 (a)(1). (c) A redemption may occur at any time before a secured party: (1) Has collected collateral under section 4-9-607; (2) Has disposed of collateral or entered into a contract for its disposition under section 4-9-610; or (3) Has accepted collateral in full or partial satisfaction of the obligation it secures under section 4-9-622. Source: L. 2001: Entire article R&RE, p. 1416, � 1, effective July 1. Editor's note: (1) This section is similar to former � 4-9-506 as it existed prior to 2001. (2) Colorado legislative change: Colorado added the word reasonable before the word attorney's in subsection (b)(2).