(a) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.
(b) To redeem collateral, a person shall tender:
Fulfillment of all obligations secured by the collateral; and
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:
Has collected collateral under section 4-9-607;
Has disposed of collateral or entered into a contract for its disposition under section4-9-610; or
Has accepted collateral in full or partial satisfaction of the obligation it secures undersection 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).