HB 451 2022
CODING: Words stricken are deletions; words underlined are additions.
hb0451-00
Page 1 of 2
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
A bill to be entitled 1
An act relating to sufficiency of description of 2
security interests; amending s. 679.1081, F.S.; 3
providing that a description of certain accounts and 4
entitlements by a certain type of collateral is 5
insufficient for the purpose of security agreements; 6
providing retroactive application; providing an 7
effective date. 8
9
Be It Enacted by the Legislature of the State of Florida: 10
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Section 1. Subsection (5) of section 679.1081, Florida 12
Statutes, is amended to read: 13
679.1081 Sufficiency of description. — 14
(5) A description only by type of collateral defined in 15
this chapter is an insufficient description of: 16
(a) A commercial tort claim; 17
(b) In a consumer transaction, consumer goods, a security 18
entitlement, a securities account, or a commodity account; or 19
(c) An account consisting of a right to payment of a 20
monetary obligation for the sale of real property that is the 21
debtor's homestead under the law s of this state; or 22
(d) Accounts and other entitlements set forth in ss. 23
222.13-222.16, s. 222.18, and ss. 222.201 -222.22. 24
Section 2. The amendment made by this act to s. 679.1081, 25
HB 451 2022
CODING: Words stricken are deletions; words underlined are additions.
hb0451-00
Page 2 of 2
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
Florida Statutes, is remedial in nature and applies 26
retroactively. 27
Section 3. This act shall take effect upon becoming a law. 28