83ZBDebtor’s right to reinstate credit contract

1. The debtor may, at any time after the creditor has repossessed the consumer goods and at any time before the creditor sells or agrees to sell the consumer goods in accordance with this subpart, reinstate the credit contract by—

2. paying to the creditor the amount required to reinstate the contract; or
3. if the contract secures the performance of an obligation other than the payment of money, performing any accrued obligations.

4. In this section,—

   accrued obligations means any obligations that have fallen due for performance under the credit contract and that have not been performed

   amount required to reinstate the contract means the aggregate of—

   1. any amounts that have fallen due for payment under the credit contract and that have not been paid, including, without limitation, interest charges, credit fees, and default fees, but excluding, if the contract provides that, in the event of a default, any part of the unpaid balance becomes payable (or may be called up as becoming payable) earlier than would be the case if there had not been a default, that part of the unpaid balance that would not have fallen due but for that provision; and
   2. the reasonable costs of the creditor of, and incidental to, repossessing, holding, storing, repairing, maintaining, valuing, and preparing for the sale of the consumer goods and of returning them to the order of the debtor; and
   3. the costs reasonably and actually incurred by the creditor in doing anything necessary to remedy any default by the debtor.

5. The costs referred to in paragraphs (b) and (c) of the definition of amount required to reinstate the contract are subject to subpart 6 of Part 2 (which applies with all necessary modifications as if any cost that is imposed is a credit fee or a fee or charge to which section 45 applies (as the case may be)).