679.805 – When initial financing statement suffices to continue effectiveness of financing statement.
679.805 When initial financing statement suffices to continue effectiveness of financing statement.— (1) The filing of an initial financing statement in the office specified in s. 679.5011 continues the effectiveness of a financing statement filed before July 1, 2013, if: (a) The filing of an initial financing statement in that office would be effective to perfect a security […]
679.611 – Notification before disposition of collateral.
679.611 Notification before disposition of collateral.— (1) In this section, the term “notification date” means the earlier of the date on which: (a) A secured party sends to the debtor and any secondary obligor an authenticated notification of disposition; or (b) The debtor and any secondary obligor waive the right to notification. (2) Except as otherwise provided in subsection (4), […]
679.612 – Timeliness of notification before disposition of collateral.
679.612 Timeliness of notification before disposition of collateral.— (1) Except as otherwise provided in subsection (2), whether a notification is sent within a reasonable time is a question of fact. (2) A notification of disposition sent after default and 10 days or more before the earliest time of disposition set forth in the notification is sent within a […]
679.613 – Contents and form of notification before disposition of collateral; general.
679.613 Contents and form of notification before disposition of collateral; general.—Except in a consumer-goods transaction, the following rules apply: (1) The contents of a notification of disposition are sufficient if the notification: (a) Describes the debtor and the secured party; (b) Describes the collateral that is the subject of the intended disposition; (c) States the method of intended disposition; (d) States […]
679.614 – Contents and form of notification before disposition of collateral; consumer-goods transaction.
679.614 Contents and form of notification before disposition of collateral; consumer-goods transaction.—In a consumer-goods transaction, the following rules apply: (1) A notification of disposition must provide the following information: (a) The information specified in s. 679.613(1); (b) A description of any liability for a deficiency of the person to whom the notification is sent; (c) A telephone number from which […]
679.615 – Application of proceeds of disposition; liability for deficiency and right to surplus.
679.615 Application of proceeds of disposition; liability for deficiency and right to surplus.— (1) A secured party shall apply or pay over for application the cash proceeds of disposition under s. 679.610 in the following order to: (a) The reasonable expenses of retaking, holding, preparing for disposition, processing, and disposing, and, to the extent provided for by agreement […]
679.616 – Explanation of calculation of surplus or deficiency.
679.616 Explanation of calculation of surplus or deficiency.— (1) In this section, the term: (a) “Explanation” means a writing that: 1. States the amount of the surplus or deficiency; 2. Provides an explanation in accordance with subsection (3) of how the secured party calculated the surplus or deficiency; 3. States, if applicable, that future debits, credits, charges, including additional credit service […]
679.617 – Rights of transferee of collateral.
679.617 Rights of transferee of collateral.— (1) A secured party’s disposition of collateral after default: (a) Transfers to a transferee for value all of the debtor’s rights in the collateral; (b) Discharges the security interest under which the disposition is made; and (c) Discharges any subordinate security interest or other subordinate lien other than liens created under statutes providing for […]
679.618 – Rights and duties of certain secondary obligors.
679.618 Rights and duties of certain secondary obligors.— (1) A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor: (a) Receives an assignment of a secured obligation from the secured party; (b) Receives a transfer of collateral from the secured party and agrees to accept the rights and […]
679.619 – Transfer of record or legal title.
679.619 Transfer of record or legal title.— (1) In this section, the term “transfer statement” means a record authenticated by a secured party stating: (a) That the debtor has defaulted in connection with an obligation secured by specified collateral; (b) That the secured party has exercised its post-default remedies with respect to the collateral; (c) That, by reason of the […]