(a) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral. (b) 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 § 9-615(a)(1). (c) A redemption may occur at any time before a secured party: (1) Has collected collateral under § 9-607; (2) Has disposed of collateral or entered into a contract for its disposition under § 9-610; or (3) Has accepted collateral in full or partial satisfaction of the obligation it secures under § 9-622.
Maryland Legal Code