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§ 9-623. RIGHT TO REDEEM COLLATERAL. (a) Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.

Under §9-622, a proposal to accept collateral in full satisfaction of the debt that is consented to by the debtor discharges the obligation not just the consenting debtor's liability for that obligation.

RIGHTS AND DUTIES OF SECURED PARTY HAVING POSSESSION OR CONTROL OF COLLATERAL. (a) Duty of care when secured party in possession. Except as otherwise provided in subsection (d), a secured party shall use reasonable care in the custody and preservation of collateral in the secured party's possession.

Secured Party (a/k/a Secured Creditor): A lender, seller, or any other person who is a beneficiary of a security interest, including a person to whom accounts or chattel paper has been sold.

Upon default, a secured party can either take possession of the collateral or render collateral such as equipment unusable, or dispute of collateral on a debtor's premises under Section 9-1610.

(a) After default, a secured party may do both of the following: (1) Take possession of the collateral. (2) Without removal, render equipment unusable and dispose of collateral on a debtor's premises under Section 9610.

Collateral Disposition means any sale, transfer or other disposition (whether voluntary or involuntary) to the extent involving assets or other rights or property that constitute Collateral.

(a) After default, a secured party may (1) take possession of the collateral; and (2) without removal, may render equipment unusable and dispose of collateral on a debtor's premises.

Under Section 9-611 of the Uniform Commercial Code, a secured creditor is required, in most circumstances, to send a reasonable authenticated notification of disposition. The notice is intended to provide the debtor, and other interested parties, an opportunity to monitor the disposition of the collateral, purchase

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Including not-for-profit public interest endeavors and Family Court litigation. Approval expires if a national bank does not complete the sale of the subordinated debt within one year of approval.Including not-for-profit public interest endeavors and Family Court litigation. Approval expires if a national bank does not complete the sale of the subordinated debt within one year of approval.

Pima Arizona Notice of Public Sale of Collateral (Consumer Goods) on Default

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What section of the UCC addresses the debtors rights to redeem collateral after repossession?

What does proposal for acceptance of collateral in full satisfaction of debt mean?

What are the rights of the secured party?

Who is the secured party in a secured transaction?

When a default occurs the secured party may?

How do secured parties cure a default?

What does disposition of collateral mean?

What are the rights of the secured party and the rights of the debtor after default?

What options does a secured party have if a debtor defaults?

What is a notification of disposition of collateral?

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