1. (a) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.

2. (b) To redeem collateral, a person shall tender:

   1. (1) fulfillment of all obligations secured by the collateral; and
   2. (2) the reasonable expenses and attorney's fees described in IC 26-1-9.1-615 (a)(1).

3. (c) A redemption may occur at any time before a secured party:

   1. (1) has collected collateral under IC 26-1-9.1-607 ;
   2. (2) has disposed of collateral or entered into a contract for its disposition under IC 26-1-9.1-610 ; or
   3. (3) has accepted collateral in full or partial satisfaction of the obligation it secures under IC 26-1-9.1-622 .

As added by P.L.57-2000, SEC.45.