Florida § 669.702 Security interest perfected before effective date

Florida Statutes

§ 669.702 — Security interest perfected before effective date

Florida § 669.702

TitleXXXIX

Ch. 669UNIFORM COMMERCIAL CODE: CONTROLLABLE ELECTRONICRECORDS AND TRANSITIONAL PROVISIONS

This text of Florida § 669.702 (Security interest perfected before effective date) is published on Counsel Stack Legal Research, covering Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Fla. Stat. § 669.702 (2026).

Text

(1)A security interest that is enforceable and perfected immediately before July 1, 2025, is a perfected security interest under this act if, on July 1, 2025, the requirements for enforceability and perfection under this section are fully satisfied without further action.

(2)If a security interest is enforceable and perfected immediately before July 1, 2025, but the requirements for enforceability or perfection under this act are not satisfied by July 1, 2025, all of the following apply to the security interest:

(a)It is a perfected security interest until the earlier of the time perfection would have ceased under the law in effect immediately before July 1, 2025, or the adjustment date.

(b)It remains enforceable thereafter only if the security interest satisfies the requirements for

Free access — add to your briefcase to read the full text and ask questions with AI

(1) A security interest that is enforceable and perfected immediately before July 1, 2025, is a perfected security interest under this act if, on July 1, 2025, the requirements for enforceability and perfection under this section are fully satisfied without further action.

(2) If a security interest is enforceable and perfected immediately before July 1, 2025, but the requirements for enforceability or perfection under this act are not satisfied by July 1, 2025, all of the following apply to the security interest: (a) It is a perfected security interest until the earlier of the time perfection would have ceased under the law in effect immediately before July 1, 2025, or the adjustment date. (b) It remains enforceable thereafter only if the security interest satisfies the requirements for enforceability under s. 679.2031, as it existed on July 1, 2025, before the adjustment date. (c) It remains perfected thereafter only if the requirements for perfection under this section are satisfied immediately before July 1, 2025.