CS/HB 503 Summary

• Creates comprehensive definitions for judgment-related terms including "claimant," "judgment creditor," "judgment debtor," "levying creditor," and "relative" in Florida Statutes Chapter 56.

• Eliminates capias ad satisfaciendum (body attachment) for money judgments except in cases of fines, and clarifies that executions remain valid during the life of the underlying judgment or decree.

• Establishes a new "Notice to Appear" procedure for supplementary proceedings allowing judgment creditors to compel appearance of persons holding judgment debtor property or funds within 7 business days of service, with provisions for responding affidavits and jury trial rights.

• Authorizes courts to entertain fraudulent transfer claims under Chapter 726 during supplementary proceedings and impose money judgments against transferees regardless of property retention.

• Creates discovery procedures in supplementary proceedings allowing judgment creditors to compel examination of judgment debtors concerning property subject to execution, with comprehensive testimony requirements and corporate debtor representation rules; effective July 1, 2016.