California AB771 amends the Commercial Code to revise requirements for financing statements related to mortgages.

California AB771 amends Section 9502 of the Commercial Code to modify the requirements for a financing statement to be sufficient. The bill specifies that a financing statement must provide the debtor's name, the secured party's name, and the collateral covered. For individual debtors, the statement must provide either the individual name or the surname and first personal name.

California AB771 amends the Commercial Code to revise requirements for financing statements related to mortgages.

California AB771 amends Section 9502 of the Commercial Code to modify the requirements for a financing statement to be sufficient. The bill specifies that a financing statement must provide the debtor's name, the secured party's name, and the collateral covered. For individual debtors, the statement must provide either the individual name or the surname and first personal name.