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| 3 | 3 | | HB 451 2022 |
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| 7 | 7 | | CODING: Words stricken are deletions; words underlined are additions. |
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| 8 | 8 | | hb0451-00 |
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| 9 | 9 | | Page 1 of 2 |
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| 10 | 10 | | F L O R I D A H O U S E O F R E P R E S E N T A T I V E S |
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| 14 | 14 | | A bill to be entitled 1 |
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| 15 | 15 | | An act relating to sufficiency of description of 2 |
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| 16 | 16 | | security interests; amending s. 679.1081, F.S.; 3 |
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| 17 | 17 | | providing that a description of certain accounts and 4 |
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| 18 | 18 | | entitlements by a certain type of collateral is 5 |
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| 19 | 19 | | insufficient for the purpose of security agreements; 6 |
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| 20 | 20 | | providing retroactive application; providing an 7 |
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| 21 | 21 | | effective date. 8 |
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| 22 | 22 | | 9 |
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| 23 | 23 | | Be It Enacted by the Legislature of the State of Florida: 10 |
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| 24 | 24 | | 11 |
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| 25 | 25 | | Section 1. Subsection (5) of section 679.1081, Florida 12 |
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| 26 | 26 | | Statutes, is amended to read: 13 |
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| 27 | 27 | | 679.1081 Sufficiency of description. — 14 |
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| 28 | 28 | | (5) A description only by type of collateral defined in 15 |
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| 29 | 29 | | this chapter is an insufficient description of: 16 |
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| 30 | 30 | | (a) A commercial tort claim; 17 |
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| 31 | 31 | | (b) In a consumer transaction, consumer goods, a security 18 |
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| 32 | 32 | | entitlement, a securities account, or a commodity account; or 19 |
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| 33 | 33 | | (c) An account consisting of a right to payment of a 20 |
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| 34 | 34 | | monetary obligation for the sale of real property that is the 21 |
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| 35 | 35 | | debtor's homestead under the law s of this state; or 22 |
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| 36 | 36 | | (d) Accounts and other entitlements set forth in ss. 23 |
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| 37 | 37 | | 222.13-222.16, s. 222.18, and ss. 222.201 -222.22. 24 |
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| 38 | 38 | | Section 2. The amendment made by this act to s. 679.1081, 25 |
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| 40 | 40 | | HB 451 2022 |
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| 43 | 43 | | |
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| 44 | 44 | | CODING: Words stricken are deletions; words underlined are additions. |
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| 45 | 45 | | hb0451-00 |
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| 46 | 46 | | Page 2 of 2 |
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| 47 | 47 | | F L O R I D A H O U S E O F R E P R E S E N T A T I V E S |
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| 51 | 51 | | Florida Statutes, is remedial in nature and applies 26 |
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| 52 | 52 | | retroactively. 27 |
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| 53 | 53 | | Section 3. This act shall take effect upon becoming a law. 28 |
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