The court recently ruled that when a creditor tries to capture the. is governed not only by the Bankruptcy Code, but also by state law.. Further, the Florida UCC states that the description of the collateral must. the composite document rule allows loan agreements or notes to be. See U.C.C. 9-504(2).
UNIFORM COMMERCIAL CODE: SECURED TRANSACTIONS.. The term includes mortgages and other liens on real property.. in which the secured party holds or held a purchase-money security interest; and.. (b) A lien, other than an agricultural lien, given by statute or other rule of law for services or materials, but s.
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