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FL H0451

Bill

Status

Introduced

11/2/2021

Primary Sponsor

Will Robinson

Click for details

Origin

House of Representatives

2022 Regular Session

AI Summary

  • 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

  • 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

  • Applies the amendment retroactively to prior transactions and agreements

  • 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