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MO HB1578

Bill

Official Source

Status

Introduced

1/23/2014

Primary Sponsor

Sheila Solon

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

  • Creates the "Seniors' Retirement Protection Act" as a new section 513.432 of Missouri law
  • Exempts up to $125,000 of primary residence value from attachment or execution for persons age 62 and older and their spouses
  • Exemption applies only to homes that are the owner's primary residence
  • Limits aggregate exemption to $125,000 when multiple homeowners claim the exemption on the same property

Legislative Description

Establishes the Seniors' Retirement Protection Act which specifies that up to $125,000 of the value of the primary residence of a person who is 62 years or older will be exempt from attachment or execution

Last Action

Referred: Financial Institutions(H)

2/5/2014

Committee Referrals

Financial Institutions2/5/2014

Full Bill Text

No bill text available