N.Y. UCC Law § 9-623
This is the official text of N.Y. UCC Law § 9-623, part of New York’s UCC Law — part of the compiled statutory law of New York, published by the state as "UCC Law." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Right to Redeem Collateral
Official statutory text
Section 9--623. Right to Redeem Collateral.\n (a) Persons that may redeem. A debtor, any secondary obligor, or any\nother secured party or lienholder may redeem collateral.\n (b) Requirements for redemption. To redeem collateral, a person shall\ntender:\n (1) fulfillment of all obligations secured by the collateral; and\n (2) the reasonable expenses and attorney's fees described in\n Section 9--615(a)(1).\n (c) When redemption may occur. A redemption may occur at any time\nbefore a secured party:\n (1) has collected collateral under Section 9--607;\n (2) has disposed of collateral or entered into a contract for its\n disposition under Section 9--610; or\n (3) has accepted collateral in full or partial satisfaction of\n the obligation it secures under Section 9--622.\n
Status: in_force · Read it on the official government site
Need a lawyer in New York?
Find a New York lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.