A 4279
Establishes homestead and bank account exemptions for persons in debt.
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill establishes homestead and bank account exemptions for individuals who are in debt. It defines ‘homestead’ to include dwellings, condominiums, and manufactured homes. Specifically, it creates a $3,500 exemption for funds held in a bank account or deposit account for debtors who have received court approval to reserve those funds. The bill also updates existing law regarding exemptions in bankruptcy proceedings.
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Primary sponsors
Cody Miller
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