HB 6786 Summary

• Amends bank execution procedures to change "natural person" to "individual" and requires $105 application fee to courts, with exemptions for certain federal benefits (Social Security, veterans benefits, unemployment compensation) and up to $1,000 in wage deposits in judgment debtor accounts.

• Establishes a 15-day hold period on removed funds from judgment debtor accounts to allow time for exemption claims, with a 45-day dispute resolution period if exemptions are claimed, after which funds are either returned or paid to the judgment creditor.

• Financial institutions must respond within 7 business days to service of execution, either providing notice of funds removed or returning all documents served, and must maintain procedures to prevent resubmission of responses.

• Modifies wage execution procedures to allow levying officers to collect actual postage costs incurred and specifies that creditors are responsible for paying officer fees if debts are satisfied directly rather than through the officer.

• Simplifies authorization for service of process by "indifferent persons" by removing requirements related to multiple defendants and attachment writs, and makes unauthorized service a Class A misdemeanor.