CT SB00979

Amends execution procedures against bank accounts to protect exempt funds, including federal benefits (Social Security, veterans' benefits, Railroad Retirement Board, Office of Personnel Management) and child support payments from creditor seizure.

Requires financial institutions to retain the lesser of account balance or $1,000 when exempt federal benefits or child support were deposited in the 60-day period before execution is served, allowing judgment debtors full access to those funds.

Establishes a 15-day holding period for funds removed from accounts, during which judgment debtors can file exemption claims; if no exemption is claimed, funds are paid to the judgment creditor after 15 days.

Prohibits serving officers from repeatedly serving the same execution on the same financial institution if exempt direct deposits were made in the preceding 60 days (or longer period required by federal law).

Reduces the clerk's administrative fee for execution applications from $100 to $75, effective July 1, 2015, and maintains $8 fee to financial institutions for compliance costs.