CT SB00306

Allows execution against debts owed by financial institutions to judgment debtors who are natural persons, with exceptions for debts protected under existing exemption statutes and federal law.

Requires judgment creditors to pay a $75 fee to the court clerk when requesting execution against financial institutions, which is recoverable as a taxable cost.

Protects exempt funds by requiring financial institutions to leave the greater of all exempt benefit payments posted within the preceding 60 days or $1,000 in the judgment debtor's account (or longer periods required by federal law).

Establishes a 15-day notice and claim period allowing judgment debtors to assert exemptions before funds are paid to creditors, with automatic court scheduling of disputed claims for hearing within 45 days.

Prohibits financial institutions from serving the same execution twice on the same judgment debtor and restricts multiple executions to one per debtor at a time, with subsequent service allowed only after confirmation of insufficient funds at the previous institution.