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House Bill 2159; Regular Session 2011-2012


Printer's No.(PN):
Short Title:
An Act amending Titles 13 (Commercial Code), 30 (Fish) and 75 (Vehicles) of the Pennsylvania Consolidated Statutes, revising secured transaction provisions relating to definitions, to control of electronic chattel paper, to location of debtor, to perfection of security interests in property subject to certain statutes, regulations and treaties, to continued perfection of security interest following change in governing law, to interests which take priority over or take free of security interest or agricultural lien, to priority of security interests created by new debtor, to discharge of account debtor, notification of assignment, identification and proof of assignment, restrictions on assignment of accounts, chattel paper, payment intangibles and promissory notes ineffective, to restrictions on assignment of promissory notes, health-care-insurance receivables and certain general intangibles ineffective, to contents of financing statement, record of mortgage as financing statement, time of filing financing statement, to name of debtor and secured party, to effect of certain events on effectiveness of financing statement, to duration and effectiveness of financing statement, effect of lapsed financing statement, to what constitutes filing, effectiveness of filing, to claim concerning inaccurate or wrongfully filed record and to collection and enforcement by secured party; providing for transition provisions for 2012 amendments; imposing duties upon the Department of State and the Department of Transportation; and making editorial changes.
PN 3143
Referred to JUDICIARY, Feb. 29, 2012
PN 3777
Reported as amended, June 19, 2012
First consideration, June 19, 2012
Re-committed to RULES, June 19, 2012
Re-reported as committed, June 21, 2012
Second consideration, June 21, 2012
Re-committed to APPROPRIATIONS, June 21, 2012
Re-reported as committed, June 25, 2012
Third consideration and final passage, June 25, 2012 (194-0)
In the Senate
Referred to BANKING AND INSURANCE, Aug. 14, 2012
Reported as committed, Sept. 25, 2012
First consideration, Sept. 25, 2012
Re-referred to APPROPRIATIONS, Oct. 2, 2012
* denotes current Printer's Number