679.607
Collection and enforcement by secured party.
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679.607 Collection and enforcement by secured party.—
(1) If so agreed, and in any event after default, a secured party:
(a) May notify an account debtor or other person obligated on collateral to make payment or otherwise render performance to or for the benefit of the secured party;
(b) May take any proceeds to which the secured party is entitled under s. 679.3151;
(c) May enforce the obligations of an account debtor or other person obligated on collateral and exercise the rights of the debtor with respect to the obligation of the account debtor or other person obligated on collateral to make payment or otherwise render performance to the debtor, and with respect to any property that secures the obligations of the account debtor or other person obligated on the collateral;
(d) If it holds a security interest in a deposit account perfected by control under s. 679.1041(1)(a), may apply the balance of the deposit account to the obligation secured by the deposit account; and
(e) If it holds a security interest in a deposit account perfected by control under s. 679.1041(1)(b) or (c), may instruct the bank to pay the balance of the deposit account to or for the benefit of the secured party.
(2) If necessary to enable a secured party to exercise under paragraph (1)(c) the right of a debtor to enforce a mortgage nonjudicially outside this state, the secured party may record in the office in which a record of the mortgage is recorded:
(a) A copy of the security agreement that creates or provides for a security interest in the obligation secured by the mortgage; and
(b) The secured party’s sworn affidavit in recordable form stating that:
1. A default has occurred with respect to the obligation secured by the mortgage; and
2. The secured party is entitled to enforce the mortgage nonjudicially outside this state.
(3) A secured party shall proceed in a commercially reasonable manner if the secured party:
(a) Undertakes to collect from or enforce an obligation of an account debtor or other person obligated on collateral; and
(b) Is entitled to charge back uncollected collateral or otherwise to full or limited recourse against the debtor or a secondary obligor.
(4) A secured party may deduct from the collections made pursuant to subsection (3) reasonable expenses of collection and enforcement, including reasonable attorney’s fees and legal expenses incurred by the secured party.
(5) This section does not determine whether an account debtor, bank, or other person obligated on collateral owes a duty to a secured party.
(6) Nothing in subsection (2) is intended to create a right of nonjudicial foreclosure in this state.
History.—s. 7, ch. 2001-198; s. 16, ch. 2012-59.
Notes of Decisions
Cited in 2
cases (1 in the last 5 years), 2003–2025 · leading case: In Re Menasche
In Re Menasche (2003)
“(3) A redemption may occur at any time before a secured party: (a) Has collected collateral under § 679.607; (b) Has disposed of collateral or entered into a contract for its disposition under § 679.”
Westlake Flooring Company, LLC, D/B/A Westlake Flooring Services v. Miami Motorsports, LLC (2025)
“§ 679.607(1)(a), Fla. Stat. (2015). Further, a secured party may take possession of the collateral either pursuant to judicial process, or without judicial process if it proceeds without breach of the peace.”
— 679.607(1)(a) — 1 case
Westlake Flooring Company, LLC, D/B/A Westlake Flooring Services v. Miami Motorsports, LLC (2025)
“§ 679.607(1)(a), Fla. Stat. (2015). Further, a secured party may take possession of the collateral either pursuant to judicial process, or without judicial process if it proceeds without breach of the peace.”
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