Nevada Commercial Instruments and Transactions

Sec. § 104.9623
Redemption of collateral.


A debtor, any secondary obligor or any other secured party or lienholder may redeem collateral.


To redeem collateral, a person must tender:


Fulfillment of all obligations secured by the collateral; and


The reasonable expenses and attorney’s fees described in paragraph (a) of subsection 1 of NRS 104.9615.


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


Has collected collateral under NRS 104.9607;


Has disposed of collateral or entered into a contract for its disposition under NRS 104.9610; or


Has accepted collateral in full or partial satisfaction of the obligation it secures under NRS 104.9622.

Last accessed
Feb. 5, 2021