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SB-1320 • 2026

Financing statements: residential real property.

Financing statements: residential real property.

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Archuleta
Last action
2026-04-27
Official status
April 28 set for first hearing canceled at the request of author.
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Financing statements: residential real property.

SB 1320, as amended, Archuleta.

What This Bill Does

  • SB 1320, as amended, Archuleta.
  • Bank deposits and collections.
  • Financing statements: residential real property.
  • The Uniform Commercial Code-Secured Transactions (UCC) generally regulates the perfection of certain security interests, including a financing statement filed as a fixture filing.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-04-27 California Legislative Information

    April 28 set for first hearing canceled at the request of author.

  2. 2026-04-10 California Legislative Information

    Set for hearing April 28.

  3. 2026-04-08 California Legislative Information

    Re-referred to Com. on JUD.

  4. 2026-03-24 California Legislative Information

    From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.

  5. 2026-03-04 California Legislative Information

    Referred to Com. on RLS.

  6. 2026-02-23 California Legislative Information

    Read first time.

  7. 2026-02-23 California Legislative Information

    From printer. May be acted upon on or after March 23.

  8. 2026-02-20 California Legislative Information

    Introduced. To Com. on RLS. for assignment. To print.

Official Summary Text

SB 1320, as amended, Archuleta.
Bank deposits and collections.
Financing statements: residential real property.
The Uniform Commercial Code-Secured Transactions (UCC) generally regulates the perfection of certain security interests, including a financing statement filed as a fixture filing.
This bill would prohibit the filing of a financing statement against owner-occupied residential real property in a manner that purports to create or otherwise perfect a security interest in, or otherwise encumber, title to that owner-occupied residential real property and would make a person who knowingly files, or causes to be filed, a financing statement in violation of the bill liable to the owner of the owner-occupied residential real property identified in the financing
statement, as specified.
Existing law requires a collecting bank, as defined, to exercise ordinary care when performing specific duties in a commercial banking transaction, and limits the liability of a collecting bank for the insolvency, neglect, misconduct, mistake, or default of another bank or person or for loss or destruction of an item in the possession of others or in transit, as specified.
This bill would make a nonsubstantive change to this provision.

Current Bill Text

Read the full stored bill text 
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