Existing law, the Uniform Commercial Code-Secured Transactions (UCC) , provides that a financing statement is sufficient only if it provides, among other things, the name of the debtor and that, if the debtor is an individual to whom the Department of Motor Vehicles has issued a driver's license that has not expired or an identification card that has not expired, a financing statement sufficiently provides the name of the debtor only if it provides the name of the individual indicated on that driver's license or identification card, as specified.
California AB 771 (20252026) — Financing statements: mortgages.
Existing law, the Uniform Commercial Code-Secured Transactions (UCC) , provides that a financing statement is sufficient only if it provides, among other things, the name of the debtor and that, if the debtor is an individual to whom the Department of Motor Vehicles has issued a driver's license that has not expired or an identification card that has not expired, a financing statement sufficiently provides the name of the debtor only if it provides the name of the individual indicated on that driver's license or identification card, as specified.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.