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FL S1574
Bill
AI Summary
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Expands judgment liens to include payment intangibles and accounts under Florida's Uniform Commercial Code, with priority determined under Chapter 679 provisions regarding secured parties.
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Establishes procedures for judgment lienholders to place liens on motor vehicles and vessels through court orders in supplementary execution proceedings, requiring the Department of Highway Safety and Motor Vehicles to note liens on certificates of title.
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Restricts enforcement of judgment liens to judicial processes only, prohibiting self-help repossession or replevin without court order or authenticated written consent from the judgment debtor.
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Clarifies that account debtors can discharge payment obligations to the judgment debtor until served with judicial process, after which payment must comply with settlement agreements, final orders, or judgments.
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Provides that judgment liens existing before October 1, 2023 become enforceable on payment intangibles and accounts as of that date, while pre-existing security interests maintain their prior rights and priority.
Legislative Description
Judgment Liens
Last Action
Laid on Table, companion bill(s) passed, see CS/HB 27 (Ch. 2023-300)
4/27/2023