Nevada Commercial Instruments and Transactions

Sec. § 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.
Source

Last accessed
Feb. 5, 2021