California: Changes to Determining the Correct Name of an Individual Debtor

California has amended UCC Article 9 to adopt individual debtor name Alternative A. The previous UCC Article 9 law omitted any reference to an individual’s driver’s license as the source of a debtor name. California is now adopting the uniform version of legislative Alternative A with Assembly Bill 1858 (AB 1858), taking effect on January 1, 2015. AB 1858 attempts to clear up any confusion about what constitutes a sufficient debtor name, ensuring that the name on the financing statement reads as it appears on the individual’s California driver’s license or state identification card.

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