A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.
To redeem collateral, a person shall tender:
(1) Fulfillment of all obligations secured by the collateral then due or past due (excluding any sums that would not be due except for an acceleration provision); and
(2) The reasonable expenses and attorney’s fees described in Section 75-9-615(a)(1).
(3) Has accepted collateral in full or partial satisfaction of the obligation it secures under Section 75-9-622.
A redemption may occur at any time before a secured party:
Has collected collateral under Section 75-9-607;
Has disposed of collateral or entered into a contract for its disposition under Section 75-9-610; or