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FL H0175
Bill
Status
Introduced
10/16/2023
Primary Sponsor
Civil Justice Subcommittee
Click for details
AI Summary
- Expands judgment liens to attach to all payment intangibles and accounts of a judgment debtor located in Florida, along with their proceeds, while continuing to exclude fixtures, money, negotiable instruments, and mortgages
- Subordinates judgment lienholder rights to those of a secured party under Chapter 679 (Uniform Commercial Code) who has a prior filed financing statement encumbering the same payment intangibles or accounts
- Clarifies that a noncompliant judgment lien certificate is permanently void but does not preclude the subsequent filing of a compliant judgment lien certificate
- Allows an account debtor to discharge obligations on payment intangibles or accounts by paying the judgment debtor until served with a complaint by the judgment creditor, after which discharge may only occur through a settlement agreement, final order, or judgment
- 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 any security interest or lien perfected before October 1, 2023, over judgment lien certificates filed before that date
Legislative Description
Judgment Liens
Last Action
Laid on Table
3/5/2024
Committee Referrals
Judiciary1/30/2024
Commerce Committee1/16/2024
Civil Justice Subcommittee11/2/2023
Full Bill Text
No bill text available