(1) A debtor, any secondary obligor or any other secured party or lienholder may redeem collateral.\n(2) To redeem collateral, a person shall tender:\n(a) Fulfillment of all obligations secured by the collateral; and\n(b) The reasonable expenses and attorney fees described in ORS 79.0615 (1)(a).\n(3) A redemption may occur at any time before a secured party:\n(a) Has collected collateral under ORS 79.0607;\n(b) Has disposed of collateral or entered into a contract for its disposition under ORS 79.0610; or\n(c) Has accepted collateral in full or partial satisfaction of the obligation it secures under ORS 79.0622. [2001 c.445 §121]
Oregon Legal Code