554.9623  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