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FL H0027
Bill
Status
Passed
6/29/2023
Primary Sponsor
Regulatory Reform & Economic Development Subcommittee
Click for details
AI Summary
- Expands judgment liens to cover payment intangibles, accounts, and their proceeds as personal property subject to lien, while subordinating judgment lienholder rights to secured parties with prior filed financing statements under Chapter 679
- Establishes that judgment liens on motor vehicles and vessels with Florida certificates of title are valid and enforceable against the judgment debtor, and creates a procedure for judgment lienholders to note liens on certificates of title through proceedings supplementary to execution
- Restricts enforcement of judgment liens to judicial processes only (attachment, execution, garnishment, charging orders, or proceedings supplementary), prohibiting self-help repossession or replevin without a court order or the debtor's authenticated consent
- Provides that judgment liens existing before October 1, 2023, become enforceable as to payment intangibles and accounts as of that date, while preserving the priority of security interests or liens perfected before that date
- Effective July 1, 2023, and cited as the "Judgment Lien Improvement Act"
Legislative Description
Judgment Liens
Last Action
Chapter No. 2023-300
6/29/2023
Committee Referrals
Judiciary3/14/2023
Regulatory Reform & Economic Development Subcommittee2/24/2023
Civil Justice Subcommittee12/23/2022
Full Bill Text
No bill text available