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FL H0451
Bill
Status
Introduced
11/2/2021
Primary Sponsor
Will Robinson
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AI Summary
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Amends s. 679.1081, Florida Statutes to establish that description by type of collateral alone is insufficient for security agreements involving accounts and entitlements protected under Florida's exemption statutes
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Adds subsection (d) declaring descriptions of accounts and other entitlements set forth in ss. 222.13-222.16, s. 222.18, and ss. 222.201-222.22 as insufficient when described only by collateral type
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Applies the amendment retroactively to prior transactions and agreements
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Effective upon becoming a law
Legislative Description
Sufficiency of Description of Security Interests
Last Action
Laid on Table, refer to SB 406
3/3/2022
Committee Referrals
Judiciary1/13/2022
Insurance And Banking Subcommittee12/1/2021
Civil Justice and Property Rights Subcommittee11/10/2021
Full Bill Text
No bill text available