Virginia Decodedhttps://vacode.org760148.9A-623Right to redeem collateral20256.2-24018.9A-6028.9A-6148.9A-624Commercial Code — Secured TransactionsDefaultDefault and Enforcement of Security Interest

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 § 8.9A-615 (a) (1).

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

1. has collected collateral under § 8.9A-607;

2. has disposed of collateral or entered into a contract for its disposition under § 8.9A-610; or

3. has accepted collateral in full or partial satisfaction of the obligation it secures under § 8.9A-622.

1964, c. 219, § 8.9-506; 2000, c. 1007.