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CaliforniaAB 7712025-2026 Regular SessionHouseWALLET

Financing statements: mortgages.

Sponsored By: Alexandra Macedo (Republican)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 0 benefits, 0 costs, 2 mixed.

Core UCC filing rules and early filing

A UCC financing statement is sufficient only if it names the debtor, names the secured party or a representative, and lists the collateral. You may file a financing statement before a security agreement is signed or before the security interest attaches. Other sufficiency and recording rules still apply.

Mortgage records count as UCC for fixtures

A recorded mortgage also counts as a UCC financing statement for fixtures, as-extracted collateral, or timber to be cut. It is effective from the recording date if it states the goods or accounts covered, ties them to the described property, meets the financing-statement rules, and is duly recorded. For these filings, the statement must say it covers fixtures, timber, or as-extracted collateral and that it will be recorded in real property records. It must give a property description that would work in a mortgage, and name a record owner if the debtor has no recorded interest. The law also eases naming: in a mortgage record used as a financing statement, an individual debtor is sufficiently named by the person’s individual name or by surname and first personal name, even if the person has an unexpired DMV license or ID.

Sponsors & Cosponsors

Sponsor

  • Alexandra Macedo

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 133 • No: 0

Senate vote • 6/23/2025

Item 65 — Senate SFLOOR

Yes: 37 • No: 0

legislature vote • 6/17/2025

Vote in CS53

Yes: 12 • No: 0

House vote • 5/12/2025

Item 74 — Assembly AFLOOR

Yes: 75 • No: 0

legislature vote • 5/5/2025

Vote in CX27

Yes: 9 • No: 0

Actions Timeline

  1. Chaptered by Secretary of State - Chapter 43, Statutes of 2025.

    7/14/2025Senate

  2. Approved by the Governor.

    7/14/2025legislature

  3. Enrolled and presented to the Governor at 2 p.m.

    7/2/2025legislature

  4. In Assembly. Ordered to Engrossing and Enrolling.

    6/24/2025House

  5. Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0. Page 1706.).

    6/23/2025Senate

  6. Read second time. Ordered to Consent Calendar.

    6/18/2025Senate

  7. From committee: Do pass. To Consent Calendar. (Ayes 12. Noes 0.) (June 17).

    6/17/2025Senate

  8. Referred to Com. on JUD.

    5/21/2025Senate

  9. In Senate. Read first time. To Com. on RLS. for assignment.

    5/13/2025Senate

  10. Read third time. Passed. Ordered to the Senate. (Ayes 75. Noes 0. Page 1515.)

    5/12/2025House

  11. Read second time. Ordered to third reading.

    5/7/2025House

  12. From committee: Do pass. (Ayes 9. Noes 0.) (May 5).

    5/6/2025House

  13. Referred to Com. on B.&F.

    3/17/2025House

  14. From printer. May be heard in committee March 21.

    2/19/2025House

  15. Read first time. To print.

    2/18/2025House

Bill Text

  • Chaptered

    7/14/2025

    HTML

  • Enrolled

    6/24/2025

    HTML

  • Introduced

    2/18/2025

    HTML

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