Fla. Stat. 679.618
Rights and duties of certain secondary obligors

(1)

A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor:Receives an assignment of a secured obligation from the secured party;Receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; orIs subrogated to the rights of a secured party with respect to collateral.

(a)

Receives an assignment of a secured obligation from the secured party;

(b)

Receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or

(c)

Is subrogated to the rights of a secured party with respect to collateral.

(2)

An assignment, transfer, or subrogation described in subsection (1):Is not a disposition of collateral under s. 679.610; andRelieves the secured party of further duties under this chapter.

(a)

Is not a disposition of collateral under s. 679.610; and

(b)

Relieves the secured party of further duties under this chapter.

Source: Section 679.618 — Rights and duties of certain secondary obligors, https://www.flsenate.gov/Laws/Statutes/2024/0679.618 (accessed Aug. 7, 2025).

679.601
Rights after default 679.602
Waiver and variance of rights and duties 679.603
Agreement on standards concerning rights and duties 679.604
Procedure if security agreement covers real property or fixtures 679.605
Unknown debtor or secondary obligor 679.606
Time of default for agricultural lien 679.607
Collection and enforcement by secured party 679.608
Application of proceeds of collection or enforcement 679.609
Secured party’s right to take possession after default 679.610
Disposition of collateral after default 679.611
Notification before disposition of collateral 679.612
Timeliness of notification before disposition of collateral 679.613
Contents and form of notification before disposition of collateral 679.614
Contents and form of notification before disposition of collateral 679.615
Application of proceeds of disposition 679.616
Explanation of calculation of surplus or deficiency 679.617
Rights of transferee of collateral 679.618
Rights and duties of certain secondary obligors 679.619
Transfer of record or legal title 679.620
Acceptance of collateral in full or partial satisfaction of obligation 679.621
Notification of proposal to accept collateral 679.622
Effect of acceptance of collateral 679.623
Right to redeem collateral 679.624
Waiver 679.625
Remedies for failure to comply with article 679.626
Action in which deficiency or surplus is in issue 679.627
Determination of whether conduct was commercially reasonable 679.628
Nonliability and limitation on liability of secured party

Current through Fall 2025

§ 679.618. Rights & duties of certain secondary obligors's source at flsenate.gov

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Location: https://florida.public.law/statutes/fla._stat._679.618

Original Source: Section 679.618 — Rights and duties of certain secondary obligors, https://www.flsenate.gov/Laws/Statutes/2024/0679.618 (last accessed Aug. 7, 2025).