Wolfson assesses the impetus behind the legislation, which took effect on July 1, 2023, what the new law specifically does, how enforcement of a judgment lien against accounts or payment intangibles can proceed, and the potential effects of the new law.
“In summary, Florida has modernized and expanded the remedies of a judgment creditor in its efforts to collect against a judgment defendant and clarified the protocols for the judgment creditor to ensure its judgment lien is more likely to be effective against the defendant’s car or boat, subject to the protocols and limitations,” Wolfson concludes. “Time will tell whether these changes will have any material impact on a judgment creditor’s post-judgment collection actions.”
