Wis. Stat. » CHAPTER 409 — UNIFORM COMMERCIAL CODE — SECURED TRANSACTIONS
Wisconsin Statutes

Wis. Stat. § 409.623 (2026)

Right to redeem collateral

✓ current as of July 2026
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409.623409.623 Right to redeem collateral.
409.623(1)(1) Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.
409.623(2)(2) Requirements for redemption. To redeem collateral, a person shall tender:
409.623(2)(a)(a) Fulfillment of all obligations secured by the collateral; and
409.623(2)(b)(b) The reasonable expenses and attorney fees described in s. 409.615 (1) (a).
409.623(3)(3) When redemption may occur. A redemption may occur at any time before a secured party:
409.623(3)(a)(a) Has collected collateral under s. 409.607;
409.623(3)(b)(b) Has disposed of collateral or entered into a contract for its disposition under s. 409.610; or
409.623(3)(c)(c) Has accepted collateral in full or partial satisfaction of the obligation it secures under s. 409.622.
409.623 HistoryHistory: 2001 a. 10.
Notes of Decisions
Cited in 3 cases, 2006–2012 · leading case: Indianhead Motors v. Brooks, 2006 WI App 266 (Wis. Ct. App. 2006).
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Indianhead Motors v. Brooks, 2006 WI App 266 (Wis. Ct. App. 2006). · cites it 2× “However, in their briefs the parties agree Brooks did so, apparently as a redemption of collateral pursuant to Wis. Stat. § 409.623 . 4 Among other things, a notice must include certain information identifying the creditor and the transaction, a statement of the total amount…”
In Re Herbst, 469 B.R. 299 (Bankr. W.D. Wis. 2012). · cites it 5× “Read with the treatises, the right of redemption until sale apparently still exists in Wisconsin, notwithstanding the added language “collection of collateral” in Wis. Stat. § 409.623 (3)(c). Since the debtor retains the right to redemption in this case, the stay still applies…”
Kraenzler v. Brace, 2009 WI App 131 (Wis. Ct. App. 2009). · cites it 2× “622, which deal with acceptance of collateral in satisfaction of obligation; (11) Section 409.623, which deals with redemption of collateral; (12)Section 409.”
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