§ 203. Redemption before sale. At any time before such property is so\nsold, the owner thereof or any person entitled to notice of sale\npursuant to section two hundred one of this article may redeem the\nproperty by paying to the lienor the amount due on account of the lien,\nand whatever legitimate expenses have been incurred at the time of such\npayment in serving the notice and advertising the sale as required in\nthis article. Upon making such payment, any of such persons are entitled\nto the possession thereof.\n
N.Y. Lien Law § 203
Redemption before sale
Applied in 2 court decisions — leading case Matter of Ally Financial Inc. v. Oakes Towing Service, Inc. (2015)
Most recently applied in Matter of Santander Consumer USA, Inc. v. Steve Jayz Automotive Inc. (September 2021)
2014-09-22
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.