Florida 2023 Regular Session

Florida House Bill H0901 Compare Versions

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1010 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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1414 A bill to be entitled 1
1515 An act relating to secured transactions; amending s. 2
1616 679.1081, F.S.; providing that a description of 3
1717 certain accounts and entitlements by a certain type of 4
1818 collateral is insufficient for the purpose of security 5
19-agreements; providing an effective date. 6
20- 7
21-Be It Enacted by the Legislature of the State of Florida: 8
22- 9
23- Section 1. Subsection (5) of section 679.1081, Florida 10
24-Statutes, is amended to read: 11
25- 679.1081 Sufficiency of description. — 12
26- (5) A description only by type of collateral defined in 13
27-this chapter is an insufficient description of: 14
28- (a) A commercial tort claim; 15
29- (b) In a consumer transaction, consumer goods, a security 16
30-entitlement, a securities account, or a commodity account; or 17
31- (c) An account consisting of a right to payment of a 18
32-monetary obligation for the sale of real property that is the 19
33-debtor's homestead under the laws of this state ; or 20
34- (d) Accounts and other entitlements set forth in ss. 21
35-222.13-222.16, s. 222.18, and ss. 222.201 -222.22. 22
36- Section 2. This act shall take effect upon becoming a law. 23
19+agreements; providing applicability; providing an 6
20+effective date. 7
21+ 8
22+Be It Enacted by the Legislature of the State of Florida: 9
23+ 10
24+ Section 1. Subsection (5) of section 679.1081, Florida 11
25+Statutes, is amended to read: 12
26+ 679.1081 Sufficiency of description. — 13
27+ (5) A description only by type of collateral defined in 14
28+this chapter is an insufficient description of: 15
29+ (a) A commercial tort claim; 16
30+ (b) In a consumer transaction, consumer goods, a security 17
31+entitlement, a securities account, or a commodity account; or 18
32+ (c) An account consisting of a right to payment of a 19
33+monetary obligation for the sale of real property that is the 20
34+debtor's homestead under the laws of this state ; or 21
35+ (d) Accounts and other e ntitlements set forth in ss. 22
36+222.13-222.16, s. 222.18, and ss. 222.201 -222.22. 23
37+ Section 2. The amendment made by this act to s. 679.1081, 24
38+Florida Statutes, is intended to clarify existing law. 25
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40+HB 901 2023
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44+CODING: Words stricken are deletions; words underlined are additions.
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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+ Section 3. This act shall take effect upon becoming a law. 26