(a)Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.(b)Requirements for redemption. 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 § 47-9-615(a)(1).(c)When redemption may occur. A redemption may occur at any time before a secured party: (1) has collected collateral under § 47-9-607;(2) has disposed of collateral or entered into a contract for its disposition under § 47-9-610; or(3) has accepted collateral in full or partial satisfaction of the obligation it secures under § 47-9-622.Acts 2000, ch. 846, § 1.
Tennessee Legal Code