FL S2270

Creates the "Nonjudicial Foreclosure Act for Nonhomestead Properties" establishing a comprehensive statutory framework for nonjudicial foreclosure of security interests in nonhomestead real and personal property in Florida.

Requires secured creditors to provide notice of default with opportunity to cure (30 days for monetary defaults, 90 days for non-monetary defaults), followed by recorded notice of foreclosure before proceeding with three foreclosure methods: auction, negotiated sale, or appraisal.

Establishes detailed procedures for each foreclosure method including advertising requirements, bidding processes, deposit and payment terms, and deed recording, with foreclosure timelines of 90 days to 1 year after notice recording.

Allows residential debtors to request pre-foreclosure meetings with creditor representatives to object to foreclosure and provides exemptions from deficiency judgments for residential debtors on purchase-money mortgages who act in good faith.

Permits judicial intervention before foreclosure for violations of the act or equity principles, limits post-foreclosure challenges to 3 years for damages and 1 year to set aside foreclosure, and applies proceeds in specified priority order to expenses, secured debt, subordinate liens, and remaining collateral owners.