Car Repo In Tennessee

Honda Financial told my ex that the only way she would get her car back was to pay the loan in full. Is this true for the state of TN?

Quote:

---

Quoting mcb_40

---

Honda Financial told my ex that the only way she would get her car back was to pay the loan in full. Is this true for the state of TN?

---

Tennessee allows:

Quote:

---

Tennessee 47-9-623. Right to redeem collateral. —

(a) Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.

(b) Requirements for redemption. 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 § 47-9-615(a)(1).

(c) When redemption may occur. A redemption may occur at any time before a secured party:

(1) has collected collateral under § 47-9-607;

(2) has disposed of collateral or entered into a contract for its disposition under § 47-9-610; or

(3) has accepted collateral in full or partial satisfaction of the obligation it secures under § 47-9-622.

[Acts 2000, ch. 846, § 1.]

---