CT SB00129

Amends Connecticut's execution procedures for bank accounts to protect exempt funds and conform to federal law requirements, effective October 1, 2014.

Expands the list of protected exempt benefits to include federal Railroad Retirement Board benefits, Office of Personnel Management benefits, and unemployment compensation; changes the lookback period from 30 days to 60 days for identifying exempt direct deposits.

Requires financial institutions to leave the lesser of account balance or $1,000 in accounts when exempt federal benefits or Social Security deposits were made in the preceding 60 days (or longer period required by federal law).

Restricts serving officers from re-serving executions on the same financial institution within 60 days if an exempt deposit was made, and requires compliance with federal notice procedures under 31 CFR 212.6 and 212.7.

Reduces the execution fee paid to the clerk of court from $100 to $75, effective July 1, 2015.