CA AB2463

Prohibits sale under execution of a judgment lien on a judgment debtor's principal residence based on consumer debt unless the debt was secured by that residence when incurred.

Exempts specified debts from the prohibition: wages, taxes, child support, spousal support, government fines and fees, tort judgments, and debts owed to financial institutions exceeding $75,000 (adjusted for inflation).

Requires judgment creditors applying for a dwelling sale to state whether the judgment was secured by the debtor's principal residence at the time of incurring the debt or which exemption applies.

Establishes the $75,000 threshold (adjusted triennially by the Judicial Council starting April 1, 2022) for financial institution debts to be exempt from the homestead sale prohibition.

Excludes student loan debt from the financial institution exemption unless the loan was secured by the principal residence when incurred.