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California · 2025–26 Regular Session · Assembly Bill

AB 771: Financing statements: mortgages.

Enacted Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

AB 771 is a assembly bill introduced in the California Assembly on February 18, 2025. According to its official title, it concerns: Financing statements: mortgages. Primary sponsor: Alexandra Macedo (R). Most recent recorded action (July 14, 2025): Chaptered by Secretary of State - Chapter 43, Statutes of 2025.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Legislative Counsel’s Digest (official, as of the latest version). Written by nonpartisan legislative staff; reproduced verbatim.

Existing law, the Uniform Commercial Code-Secured Transactions (UCC), provides that a financing statement is sufficient only if it provides, among other things, the name of the debtor and that, if the debtor is an individual to whom the Department of Motor Vehicles has issued a driver’s license that has not expired or an identification card that has not expired, a financing statement sufficiently provides the name of the debtor only if it provides the name of the individual indicated on that driver’s license or identification card, as specified.

Existing law makes a record of a mortgage effective, from the date of recording, as a financing statement filed as a fixture filing or as a financing statement covering as-extracted collateral or timber to be cut only if certain conditions are met, including that the record satisfies the conditions for a financing statement referenced above, as specified.

This bill would, instead, provide that a record of a mortgage sufficiently names the debtor who is an individual if it provides the individual name of the debtor or the surname and first personal name of the debtor, even if the debtor is an individual to whom the Department of Motor Vehicles has issued an unexpired driver’s license or identification card.

Sponsors

Sponsors by party (alphabetical): Republican 1

NameRolePartyChamberDistrict
Alexandra MacedoPrimary sponsorRepublicanAssembly33

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Chaptered by Secretary of State - Chapter 43, Statutes of 2025.
  2. Approved by the Governor.
  3. Enrolled and presented to the Governor at 2 p.m.
  4. In Assembly. Ordered to Engrossing and Enrolling.
  5. Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0. Page 1706.).
  6. Read second time. Ordered to Consent Calendar.
  7. From committee: Do pass. To Consent Calendar. (Ayes 12. Noes 0.) (June 17).
  8. Referred to Com. on JUD.
  9. In Senate. Read first time. To Com. on RLS. for assignment.
  10. Read third time. Passed. Ordered to the Senate. (Ayes 75. Noes 0. Page 1515.)
  11. Read second time. Ordered to third reading.
  12. From committee: Do pass. (Ayes 9. Noes 0.) (May 5).

Sources

  1. California Legislative Information — pubinfo database export
  2. Official bill page