SB 683
Modifies the laws relating to property exempt from execution or attachment
LR Number:
Last Action:
4/25/2012 - Hearing Scheduled But Not Heard H Financial Institutions Committee
Journal Page:
SCS SB 683
Calendar Position:
Effective Date:
August 28, 2012

Current Bill Summary

SCS/SB 683 - Currently any motor vehicle less than $3,000 in value is exempt from execution or attachment. This act requires that all motor vehicles owned by a debtor be considered together and only their aggregate value less than $3,000 shall be exempt. Mobile homes used as principal residences cannot be attached to real property in which the debtor has an interest to be exempt. The exemption for local public assistance benefits is broadened to include all public assistance benefits. The age for dependents included in the head of household exemption calculation is raised from eighteen to twenty-one.

This act is similar to HB 1527 (2012) and is similar to provisions contained in HCS/HB 1256 (2012), HCS/SB 628 (2012) and HCS/SB 636 (2012).