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Sections take positions

first_img Sections take positions Sections take positions March 15, 2005 Regular Newscenter_img Five new legislative positions have been authorized for the Real Property, Probate and Trust Law Section and three for the Business Law Section following recent action by the Bar Board of Governors.Sections are given great latitude on issues in which they wish to lobby, provided the matter is within their subject area, does not conflict with a Bar-wide legislative position, and does not cause a deep emotional or philosophical division among a significant portion of the Bar’s membership.The board okayed the sections’ requests acting on the recommendations of the Legislation Committee.The Real Property, Probate and Trust Law Section had these positions authorized:• Supports amending §§701.02 (Assignment of Mortgages) to conform it to revised UCC Article 9 and provide that: 1.) perfection of UCC security interest in a pledged mortgage is governed solely by the UCC and not by §§701.02, and 2.) filing of a UCC financing statement is not “notice” under §§701.02 and does not affect reliance rights of creditors and bona fide purchasers without notice with respect to instruments executed by the “mortgagee of record” as determined under §§701.02.• Supports amending §§704.01(2) to provide landlocked landowners with a statutory way of necessity.• Opposes Section 2 of Senate Bill 298 creating §§117.055, which requires that notaries keep a detailed journal of all notarial acts including: the date, time and type of notarial act; the date, type and description of each document; the name of the signer; and description of the evidence of identity.• Supports changes to the Florida Construction Lien Laws governing conditional payment bonds and changing procedures for determining whether a claim will be covered by such bonds.• Technical Assistance — The section does not oppose House Bill 113 as originally drafted, but favors additional changes to numerous construction bond and lien statutes.The Business Law Section has these positions authorized:• Supports legislation consistent with the Supreme Court of Florida’s November 30, 2004, certification of need for additional judges.• Technical Assistance — The section offers technical assistance to the Florida Legislature with respect to the proposed Florida Trademark Act, F. S. Ch. 495.• Supports the following clarifying amendments to the Uniform Commercial Code: 1.) add new subsection (4) to §§679.623, to read: ‘‘The debtor retains all of the debtor’s rights in collateral, including title if the debtor has title, until the secured party has completed one of the actions in subsection (3)”; and 2.) add new subsection (4) to §§679.609, to read: “neither title nor legal or equitable ownership pass to the secured party by taking possession of collateral after default unless the secured party acquires ownership by purchase pursuant to §§679.610 or by acceptance in satisfaction of the obligation pursuant to §§679.621 and §§679.622.”last_img read more

New tech platforms hold the key to retail banking’s future

first_img continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Almost all traditional banks and credit unions have been hampered by legacy technology that has made it difficult for them to compete with new tech-driven competitors. But options are now available — and being used, in a few cases — that free up institutions to compete in a far more agile, consumer-focused manner.The change could be liberating — but only if banks and credit unions embrace it and make the necessary staff and cultural adjustments to take advantage of more modern technology platforms.Other than the largest financial institutions, to date very few banks and credit unions have deployed advanced technologies such as artificial intelligence, according to Cornerstone Advisors research.last_img read more