The Florida Senate

679.406  Release of collateral; duties of filing officer; fees.--A secured party of record may by his or her signed statement release all or a part of any collateral described in a filed financing statement. The statement of release is sufficient if it contains a description of the collateral being released, the name and address of the debtor, the name and address of the secured party, and the file number of the financing statement. Except for statements of release of financing statements filed under s. 679.402(4) and (5), a statement of release signed by a person other than the secured party of record must be accompanied by a separate written statement of assignment signed by the secured party of record and complying with s. 679.405(2), including payment of the required fee, except that in the case of statements of release of financing statements filed under s. 679.402(4) and (5), a separate written statement of assignment shall not be required. Upon presentation of such a statement of release to the filing officer, he or she shall mark the statement with the time and date of filing and note the same upon the margin of the index of the filing of the financing statement. The uniform fee for filing and indexing such a statement of release shall be as provided in chapter 15 or chapter 28. An additional fee may be charged for each name, more than one, against which the statement of release is required to be indexed.

History.--s. 1, ch. 65-254; s. 29, ch. 79-398; s. 698, ch. 97-102.

Note.--s. 9-406, U.C.C.