All Roll Calls
Yes: 153 • No: 0
FloridaHB 5152025HouseWALLET
Uniform Commercial Code
Sponsored By: Richard Gentry (Republican)
Signed by Governor
AppropriationCivil Justice & Claims SubcommitteeCommerce CommitteeJudiciary CommitteeHouse CalendarRules
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Bill Overview
Analyzed Economic Effects
17 provisions identified: 4 benefits, 0 costs, 13 mixed.
Consumer protections for seized goods
When a lender sells consumer goods after default, you can request an explanation of any surplus or debt still owed. The lender generally has 14 days to respond when that deadline applies, or may waive a consumer obligor’s deficiency within 14 days. You can waive certain rights only in an agreement signed after default, and cannot waive the right to redeem consumer goods under this rule. Acceptance of collateral also requires the specified consent, and extending the usual 90-day sale period requires a signed, post-default agreement.
Buyers get clearer digital asset rules
The law explains who controls certain digital records and when a buyer is protected from another person’s property claim. A qualifying buyer must pay value, act in good faith, and have no notice of the claim; filing a financing statement alone does not count as notice. The law defines related digital payment rights and commercial transfer roles. Chapter 669 does not authorize, create, or endorse a central bank digital currency.
Debtors can reclaim digital control
After receiving a debtor’s signed demand, a secured party must transfer control of specified electronic collateral within 10 days. This duty covers authoritative electronic copies of chattel paper, electronic documents of title, electronic money, and certain digital records. It does not cover a record evidencing payment rights when the secured party bought those rights. A secured party also cannot use specified liability protections when it knows required identity or contact information is missing from covered digital collateral or its related system.
More flexible letters of credit
Letters of credit and related actions can use any form that is a signed record. The parties can choose which law governs certain liabilities, even when the chosen place is not connected to the transaction. For certain legal issues involving letters of credit between branches, each branch counts as a separate legal entity; this rule does not apply to enforcing a judgment.
Businesses can agree to cure first
In a non-consumer transaction, a debtor and secured party can sign an agreement requiring notice and a chance to fix a violation before a legal case begins. This process does not apply to consumer transactions.
Clearer notices for collateral sales
For non-consumer collateral sales, secured parties use a notice form that explains whether the sale is public or private and how to request an accounting. A lienholder must send a signed demand before proceeds are fully distributed to qualify for its share. A secured party proposing to keep collateral must notify certain people who sent a signed claim before the debtor agreed.
Clearer rules for mixed deals
When a deal combines goods with services or other property, the law says which goods-sale rules apply based on which part predominates. For a deal combining leased goods with services or other property, the same kind of test applies to lease rules, with special rules for some finance leases. Certain lease requirements also accept a qualifying record where they refer to a writing; the record must meet the rule’s signing, delivery, or other requirements.
Debtors get loan records; lenders claim proceeds
A secured party must send a release within 10 days after a debtor’s signed demand when the account debtor received the specified assignment notice. Secured parties generally have 14 days to respond to signed requests for account details or collateral lists; extra responses may be charged, subject to legal limits. Lenders’ interests can also reach certain proceeds of consumer goods or commercial claims. Money received as proceeds must reduce the secured debt unless it is returned to the debtor.
Earlier UCC deals remain protected
Valid transactions made before July 1, 2025, and the rights and duties tied to them generally remain valid. Certain earlier steps can also continue to perfect security interests during the transition. But an attached interest becomes unperfected on the July 1, 2026, adjustment date unless it meets the new rules before then. The saving rules are subject to the stated exception for sections 669.501–669.706.
Existing deals get transition protection
Beginning July 1, 2025, the updated rules apply to covered deals and property interests, including some that began earlier. Certain existing perfected interests stay perfected under the new rules; others keep that status only until the earlier of their prior-law end date or July 1, 2026. Some previously unperfected interests also receive temporary protection through July 1, 2026. On the adjustment date, set by default as July 1, 2026, some older priority arrangements change under the updated rules.
New rules for digital collateral
The law sets which jurisdiction’s rules govern security interests in digital records and chattel paper. Secured parties can perfect certain interests by controlling electronic copies, but must meet the required control or possession steps. The debtor’s location governs some filing and automatic-perfection questions. These rules make control a key part of protecting an interest in covered digital collateral.
New rules for electronic checks
A qualifying payment instrument can name the law or forum for disputes and remain negotiable. With the payee’s agreement, a check can be issued using an image and related information that a bank can use to collect it. Destroying a check during the described image-based process does not, by itself, cancel the duty to pay.
New rules for electronic records and contracts
Electronic symbols, sounds, or processes can sign covered records when the signer intends to approve them. The law also explains when electronic documents are delivered, who counts as their holder, and when a notice counts as sent. Courts assess whether a contract term was clear enough to notice based on all the circumstances. A party can give up a claim for an alleged breach in a signed record, without receiving something in return.
New rules for goods sales contracts
A goods sale of $500 or more generally needs a signed record to be enforced, and a merchant has 10 days to object to a confirming record. A final written sales agreement cannot be contradicted by earlier or same-time spoken terms, though certain business practices and consistent added terms can help explain it. A merchant’s signed offer can stay open without payment for up to three months. When a contract requires signed records for changes or cancellation, the parties must use them.
New rules for transferred payment debts
A notice of transfer must identify the account and new controller and provide a reasonable way to pay. A debtor can ask for proof and may pay the former controller if proof does not arrive in time. Debtors can reject demands for split payments or multiple payment methods. Some usual assignment and payment rules do not apply to controllable accounts and payment rights, and certain assignment limits do not apply to instruments that evidence chattel paper.
New safeguards for bank payment orders
Senders can give payment orders orally or in a record. Banks and customers can agree on security checks, but a bank must act in good faith and follow the agreed rules to bind a customer. Rejection and cancellation notices can be oral or recorded, with security checks applying to cancellations. Extra damages for late, improper, or failed payments are available only when the bank agrees to them in a record.
New ways to secure digital assets
The law lets lenders use control, as well as filing where allowed, to protect interests in certain digital assets. For electronic money, control is the required method; tangible money must be possessed. The law also sets rules for which state’s law governs certain accounts, securities, and digital collateral. A controllable account, record, or payment right counts as a financial asset only when it meets the law’s stated test.
Sponsors & Cosponsors
Sponsor
Richard Gentry
Republican • House
Cosponsors
Civil Justice & Claims Subcommittee
Affiliation unavailable
Judiciary Committee
Affiliation unavailable
Roll Call Votes
Senate vote • 4/23/2025
Senate Floor Vote
Yes: 38 • No: 0
House vote • 4/16/2025
House Floor Vote
Yes: 115 • No: 0
Actions Timeline
Chapter No. 2025-92
5/23/2025Approved by Governor
5/23/2025Signed by Officers and presented to Governor
5/21/2025Ordered enrolled
4/23/2025HouseIn Messages
4/23/2025HouseIn Messages
4/23/2025HouseCS passed; YEAS 38 NAYS 0 -SJ 495
4/23/2025SenateRead 3rd time -SJ 495
4/23/2025SenateRead 2nd time -SJ 494
4/23/2025SenateSubstituted for CS/CS/SB 1666 -SJ 495
4/23/2025SenatePlaced on Calendar, on 2nd reading
4/23/2025SenateWithdrawn from Rules -SJ 494
4/23/2025SenateReceived
4/22/2025SenateReferred to Rules
4/16/2025SenateIn Messages
4/16/2025SenateCS passed as amended; YEAS 115, NAYS 0
4/16/2025HouseRead 3rd time
4/16/2025HouseAdded to Third Reading Calendar
4/16/2025HousePlaced on 3rd reading
4/16/2025HouseAmendment 653171 adopted
4/16/2025HouseAmendment 338069 adopted
4/16/2025HouseRead 2nd time
4/16/2025HouseBill added to Special Order Calendar (4/16/2025)
4/10/2025HouseAdded to Second Reading Calendar
4/3/2025House1st Reading (Committee Substitute 2)
4/3/2025House
Bill Text
er
7/1/2025
e1
4/16/2025
c2
4/2/2025
c1
3/13/2025
Filed
2/10/2025