Iowa Code § 554.9623 (2026)
Right to redeem collateral
1. Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.
2. Requirements for redemption. To redeem collateral, a person shall tender:
a. fulfillment of all obligations secured by the collateral; and
b. the reasonable expenses and attorney’s fees described in section 554.9615, subsection 1, paragraph “a”.
3. When redemption may occur. A redemption may occur at any time before a secured party:
a. has collected collateral under section 554.9607;
b. has disposed of collateral or entered into a contract for its disposition under section 554.9610; or
c. has accepted collateral in full or partial satisfaction of the obligation it secures under section 554.9622. 2000 Acts, ch 1149, §121, 187 Referred to in §554.9602, 554.9614, 554.9624 \n