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0 tracked cards Supplemental - Not MEE July 2026

A secured loan agreement says a missed payment becomes an event of default only if the debtor fails to cure within 15 days after notice. The debtor tenders the missed payment and late charge on day 10.
What is the likely effect of the tender?

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The debtor must cure by paying the full accelerated balance even before acceleration is valid. The cure period is enforceable only if the collateral is inventory. The debtor's tender within the stated cure period generally prevents the payment default from ripening, unless another valid default exists. A cure period in a security agreement violates Article 9.

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