A debtor may redeem collateral from the secured party at any time prior to sale or disposal by paying all legal costs and expenses incurred by the secured party.

Question

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This statement is true according to the Uniform Commercial Code (UCC), which governs secured transactions. The debtor may exercise their right of redemption by paying the outstanding debt owed to the secured party, plus any legal costs and expenses incurred. This right usually expires at the time of the sale or disposal of the collateral.

A Debtor May Redeem Collateral from the Secured Party at Any