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IN SB0197
Bill
AI Summary
- Increases the minimum earnings protected from garnishment from 30 times the federal minimum hourly wage to 83 times the federal minimum hourly wage per workweek
- Requires garnishment and attachment orders to include debtor's name, addresses, amount owed, judgment information, and creditor contact information on a single page
- Raises bankruptcy exemption for intangible personal property (deposit accounts, cash, choses in action) from $300 to $1,500
- Increases homestead exemption from $15,000 to $22,750 and other real/tangible personal property exemption from $8,000 to $12,100
- Removes the Department of Financial Institutions' authority to adopt rules adjusting bankruptcy exemption amounts, setting fixed statutory amounts instead
Legislative Description
Garnishment.
Last Action
First reading: referred to Committee on Judiciary
1/29/2026
Committee Referrals
Judiciary1/29/2026
Insurance & Financial Institutions1/6/2026
Full Bill Text
No bill text available