MN HF3188

Up to $1,000 in a debtor's bank accounts is automatically exempt from garnishment, regardless of the money's source, and financial institutions must leave at least $1,000 (or the total balance if less) in debtor accounts upon receiving a garnishment summons.

The $1,000 exemption is in addition to most other existing exemptions, but cannot be combined with the exemption under subdivision 28 of the same statute.

Money in depository accounts totaling $1,000 or less is added to the list of property not subject to garnishment attachment.

The exemption does not protect against contractual setoffs or security interests held by the financial institution itself.

All provisions take effect August 1, 2025, and apply to causes of action commenced on or after that date.