2 edition of Florida law of secured transactions in personal property found in the catalog.
Florida law of secured transactions in personal property
Winton E. Williams
by D & S Publishers in Clearwater, Fla. (P.O. Box 5105, Clearwater 33518)
Written in English
|Statement||by Winton E. Williams.|
|Series||Practice manual series|
|LC Classifications||KFF175 .W55 1980|
|The Physical Object|
|Pagination||<2 > v. (loose-leaf) ;|
|LC Control Number||82235077|
Generally, a secured transaction is a loan or a credit transaction in which the lender acquires a security interest in collateral owned by the borrower and is entitled to foreclose on or repossess the collateral in the event of the borrower's default. The terms of the relationship are governed by a contract, or security agreement.A common example would be a consumer who purchases a car on credit. (a) The “Florida Secured Transaction Registry” or “registry” means the centralized database in which all initial financing statements, amendments, assignments, and other statements of change authorized to be filed under this chapter are filed, maintained, and retrieved. The term does not apply to documents that are filed under this chapter with the clerk of a circuit court.
book can also be read as a treatise on law reform. What conditions, he asked, every defect or imperfection in secured transactions law worldwide will Art. 9 of the Uniform Commercial Code and the Uniform Personal Property Security Law promulgated by the Uniform Law Conference in Canada. The amendments to Article 9 create a wholly new class of personal property collateral called "investment property" (distinct from existing classes such as accounts, chattel paper, instruments and general intangibles) which will need to be described in the granting clause of a security agreement in order for a security interest to be created in.
Professor Louise Gullifer is the Director of this project, which was set up in to examine the English law relating to secured transactions and to consider the need and shape of future reform. The project engages with legal practitioners and other interested parties, such as . About the Book. Introduction to the Law of Property, Estate Planning and Insurance is an up-to-date textbook that covers legal issues that students must understand relating to real estate (an especially important business asset), as well as estate planning and insurance. The text is organized to permit instructors to tailor the materials to their particular approach.
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Welcome to the Florida Secured Transaction Registry. The "Florida Secured Transaction Registry" is a centralized Uniform Commercial Code (UCC) filing and retrieval system containing initial financing statements, amendments, assignments, and other UCC filings as authorized by Florida Statutes Chapter FloridaUCC LLC is the contract-vendor for the Florida Secretary of State that provides.
Email: [email protected] Course Description This course surveys the law applicable to secured transactions in personal property. This body of law includes primarily Article 9 of the Uniform Commercial Code (“UCC”), the Federal Bankruptcy Code, the Federal Tax Lien Act, and miscellaneous state Size: KB.
Secured Transaction Law: an overview. A security interest arises when, in exchange for a loan, a borrower agrees in a security agreement that the lender (the secured party) may take specified collateral owned by the borrower if he or she should default on the loan.
A security interest also provides the secured party with the assurance that if the debtor bankrupts, he or she may be able to. FLORIDA SECURED TRANSACTIONS LECTURE OUTLINE INTRODUCTION Definition of Secured Transaction A secured transaction is a transaction intended to create a security interest in personal property or fixtures.
It generally involves a sale on credit or a loan in which the seller or the lender obtains a lien on some or all of the debtor's property. A secured transaction is created when a buyer or borrower (debtor) grants a seller or lender (creditor or secured party) a security interest in personal property (collateral).
A security interest allows a creditor to repossess and sell the collateral if a debtor fails to pay a secured debt. Florida Property and Real Estate Laws Florida has specific laws when it comes to landlords and tenants, real estate and property.
For instance, a landlord in Florida has between 15 to 60 days to return a tenant’s security deposit, depending on whether the tenant disputes the deductions.
Florida lenders seeking to secure a lien against the personal property of a borrower in default must follow the guidelines detailed in Article 9 of the Uniform Commercial Code (UCC) and Florida’s Article 9, which governs secured transactions and is applied to a wide range of consumer and commercial credit transactions.
An introduction to the law governing security interests in personal property, this book explains the terminology, structure, and methodology of security interests governed by Article 9.
Secured Transactions Law Reform: Principles, Policies and PracticeAuthor: Paul McLaughlin. What law governs secured transactions. The Uniform Commercial Code is a model statute covering transactions in such matters as the sale of goods, credit, bank transactions, conduct of business, warranties, negotiable instruments, loans secured by personal property and other commercial matters.
Judgment liens on personal property in Florida are filed with the Florida Department of State. Filing with the Department of State serves as public notice that the creditor (the person who won the judgment) has a monetary judgment placed against the debtor (the person who owes the money).
Liens are valid for five years from the original filing. Recipient, Book Awards in Secured Transactions in Personal Property and Corporate Finance and Reorganizations.5/5(1). The board has revised the test specifications for the subjects of Family Law, Real Property, Torts, Trusts, UCC Articles 3 and 9, and Wills.
The revised test specification can be found on the page for Exam Information, Test Specifications, Study Guide, and Virtual Tour. Secured transactions in the United States are an important part of the law and economy of the country.
By enabling lenders to take a security interest in collateral (that is, the assets of debtors), the law of secured transactions provides lenders with assurance of legal relief in case of default by the availability of such remedies encourages lenders to lend capital at lower. Florida Secured Transactions Under Article 9 of the Uniform Commercial Code: Forms and Practice Manual.
Prominent Florida attorney, Peter E. Reinert, has drawn from his extensive experience to bring you this practical, easy-to-use book, containing a comprehensive collection of all the current rules of Revised Article 9, along with extensive commentaries on how they affect the forms and.
After Acquired Property: property of a similar type to the collateral, but which is purchased by the debtor after the attachment of the original security interest. - Property in Inventory 3. Future Advances: are loans (advances) to be made by a secured party in the future, that is, after the original security agreement is signed.
Florida Tort Law/Tort Law Reporter - LexisNexis Folio Downloadable version of the former Folio CD. To purchase this product please callAM to PM (US ET), Monday to Friday. A secured transaction is typically a loan or financing agreement in which an asset, such as real estate, a vehicle, or other property, is used as collateral for the loan.
In the event the borrower is unable to repay the loan, the lender may take possession of the collateral and sell it. Under Florida law, it is a felony to make any false, fictitious, or fraudulent statement, or to file any false document, with the Florida Secured Transaction Registry.
FLORIDAUCC reserves the right to reject any filing containing profanity, obscene materials, or other illegal or improper references or documents. Basics of Secured Transactions. The law of secured transactions consists of five principal components: (1) the nature of property that can be the subject of a security interest; (2) the methods of creating the security interest; (3) the perfection of the security interest against claims of others; (4) priorities among secured and unsecured creditors—that is, who will be entitled to the.
The seventh edition of Secured Transactions in Personal Property: Cases, Text, and Materials explores key issues surrounding transactions based on secured credit. It takes readers through various formal requirements, and investigates the rights and responsibilities of the parties involved in these transactions.
A fixture is personal property that has become so attached or adapted to real estate that it has lost its character as personal property and is deemed to be part of the real estate (e.g., a central air conditioning unit within a commercial building).
A debtor may grant a security interest to secure future loans.Terms Used In Florida Statutes > Chapter Adjourn: A motion to adjourn a legislative chamber or a committee, if passed, ends that day's session.; Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.; Amendment: A proposal to alter the text of a pending bill or other measure by striking out.This law school casebook provides a detailed examination of secured transactions in both the commercial and consumer context.
The ninth edition treats in detail the provisions of Article 9 (Secured Transactions)and the Amendments to it. Recent important cases applying Article 9's provisions have been added/5(4).