{"data":{"id":"us-fl/fla.-stat.-679.622","jurisdiction":"us-fl","citation":"Fla. Stat. § 679.622","heading":"Effect of acceptance of collateral.","body":"(1) A secured party’s acceptance of collateral in full or partial satisfaction of the obligation it secures:\n(a) Discharges the obligation to the extent consented to by the debtor;\n(b) Transfers to the secured party all of a debtor’s rights in the collateral;\n(c) Discharges the security interest or agricultural lien that is the subject of the debtor’s consent and any subordinate security interest or other subordinate lien; and\n(d) Terminates any other subordinate interest.\n(2) A subordinate interest is discharged or terminated under subsection (1), even if the secured party fails to comply with this chapter.\nHistory.—s. 7, ch. 2001-198.","path":["CHAPTER 679 UNIFORM COMMERCIAL CODE: SECURED TRANSACTIONS"],"source_url":"https://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute\u0026URL=0600-0699/0679/0679.html","current_through":"2026 Florida Statutes","vintage":"","retrieved_at":"2026-08-27T02:11:57Z","sha256":"ead3544d1a203ef91716796ee39638b70906c8ad1adf50e2ffc18970b93b8a12","source_id":"us-fl","stale":false,"prev":"us-fl/fla.-stat.-679.621","next":"us-fl/fla.-stat.-679.623"},"notice":"GroundRules: Original legal text. Not legal advice."}