Bill No.:         HB0013                                             Drafter: LGC

LSO No.:       14LSO-0058                                     Effective Date: 7/1/2015

Enrolled Act No.:    HEA0024

Chapter No.:                        CH0056

Prime Sponsor:       Joint Corporations, Elections and Political Subdivisions Interim Committee

Catch Title:              UCC liens-electronic filing.

Subject:                     Electronic filing of effective financing statements.

Summary/Major Elements:

· Under current law, effective financing statements must be physically signed and filed with the secretary of state’s office.

· This bill authorizes electronic authentication of effective financing statements in lieu of a physical signature.  The bill authorizes the use of unique identification numbers in lieu of use of social security numbers.

Comments:

· Contains delayed effective/repeal date:  July 1, 2015.