Loading chat...

MO HB626

Bill

Official Source

Status

Introduced

2/22/2011

Primary Sponsor

Michael Corcoran

Click for details

Origin

House of Representatives

2011 Regular Session

AI Summary

  • Establishes the "Senior Citizens Protection Act" to protect persons age 62 and older who are retired or may retire
  • Exempts primary residences (dwelling house, appurtenances, and connected land) from attachment or execution up to $75,000 in value
  • Limits exemption to one owner claiming the full amount, or if multiple owners claim exemption, the aggregate cannot exceed $75,000 per residence
  • Prohibits either spouse from individually selling, mortgaging, or alienating the exempt residence; requires joint spousal action for any such transaction
  • Declares null and void any individual sale, mortgage, or alienation attempt by a single spouse

Legislative Description

Establishes the Senior Citizens Protection Act which exempts from attachment or execution the primary residence of a person 62 years of age or older, who is retired or may retire, from any forced sale

Last Action

Withdrawn (H)

3/1/2011

Committee Referrals

Financial Institutions2/24/2011

Full Bill Text

No bill text available