HRS §490:9-623

Right to redeem collateral

Read the official text at capitol.hawaii.gov ↗

This section explains when and how someone can get back property (collateral) that was used to secure a loan before the lender sells or keeps it. You must pay off the debt and certain costs, and you can only do this before the lender takes certain actions.

creditorsdebtors

The statute, as written — Right to redeem collateral

A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.

(a) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral. (b) To redeem collateral, a person shall tender: (1) Fulfillment of all obligations secured by the collateral; and (2) The reasonable expenses and attorney's fees described in section 490:9-615(a)(1). (c) A redemption may occur at any time before a secured party: (1) Has collected collateral under section 490:9-607; (2) Has disposed of collateral or entered into a contract for its disposition under section 490:9-610; or (3) Has accepted collateral in full or partial satisfaction of the obligation it secures under section 490:9-622.

Read the official text at capitol.hawaii.gov ↗as published Jan 6, 2026our copy taken Aug 20, 2026

Sections this one refers to

§490:9-607 How a secured party can collect what is owed after default

§490:9-610 What a lender can do with collateral after you default

§490:9-615 How sale money is divided and who owes the rest

LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.