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More Bills of Interest…And Be Sure to Check Out Our Bill Tracking Resources

Remains to be seen just how eventful this session of the General Assembly will be, but it’s certainly shpaing up to be a busy session. We’ve got a long list of bill we’re tracking for their impact or potential impact on credit unions. Check out those resources here.

HB 1093 GARNISHMENT.

Introduced by: Charniele L. Herring | all patrons

SUMMARY AS INTRODUCED:

Garnishment. Provides that the garnishee shall pay any money or other property held on behalf of a judgment debtor directly to the judgment creditor or the judgment creditor’s attorney instead of to the court, which is current practice. The judgment creditor or his attorney shall mail a statement to the garnishee and the judgment debtor for each month in which money or other property is paid to the judgment creditor on the judgment debtor’s behalf setting forth how much was paid and how it was applied to the debt. The bill also allows the court to fix the return date for the garnishment summons. Currently, the summons is returnable within 90 days or 180 days in the case of a wage garnishment. The bill also provides that subsequent garnishments based on the same judgment are considered to be a continuation of the original garnishment proceeding and not a new action.

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HB 993 HOMESTEAD EXEMPTION.

Introduced by: Roxann L. Robinson (by request) | all patrons

SUMMARY AS INTRODUCED:

Homestead exemption. Raises the homestead exemption from $5,000 to (i) $25,000, (ii) 20 percent of the property’s tax-assessed value, or (iii) 40 percent of the property’s tax-assessed value if the householder is 65 years of age or older. The bill requires that the real or personal property subject to the exemption be claimed as the householder’s homestead.

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Tags: Governmental Affairs, League News

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