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New Legislation › Lenders › Uniform Commercial Code (UCC)

Alston & Bird

Texas Commercial Sales- Based Financing Law Poses Unique Challenges to Financial Services Industry

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What Happened? Following the path of nine other states that have enacted laws to regulate commercial non real estate secured financing, on May 28, 2025, the Texas legislature passed a “commercial sales-based financing” bill,...more

Holland & Knight LLP

Texas Governor Signs Commercial Sales-Based Financing Legislation Into Law

Holland & Knight LLP on

Texas Gov. Greg Abbott signed House Bill (HB) 700 into law on June 20, 2025, despite significant opposition from industry with respect to one critical legislative provision. This follows the legislation's approval by the...more

Miller Canfield

Hotel Revenues Are "Rents" Under New Michigan Law

Miller Canfield on

On June 24, 2022, Michigan passed the Michigan Uniform Assignment of Rents Act (MUARA). When it did, Michigan became the first state with a Uniform Assignment of Rents Act that expands the definition of "rents" to include...more

Buchalter

California Amends Uniform Commercial Code Article 9 Regarding Name of Individual Debtor on Financing Statements

Buchalter on

The California Legislature passed, and Governor Brown signed, Assembly Bill No. 1858, which changes the way individual debtors are identified in Uniform Commercial Code financing statements. The bill brings California into...more

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