MO HB1870

Increases property exemptions from attachment and execution: household goods from $3,000 to $15,000, motor vehicles from $3,000 to $5,000 (plus up to $10,000 unused household goods exemption), mobile homes from $5,000 to $12,000, and homestead exemption from $15,000 to $40,000

Establishes automatic inflation adjustments every three years starting April 1, 2029, based on the Consumer Price Index, with the revisor of statutes publishing updated dollar amounts

Creates new procedures for garnishment of bank accounts at financial institutions, requiring garnishment orders to include debtor's address and last four digits of tax ID, limiting garnishments to one per 30-day period per garnishee, and providing good faith liability protections for financial institutions

Grants judgment debtors full use immunity and derivative use immunity from prosecution for statements made during court-ordered debtor examinations, except for perjury or false statements

Most provisions take effect January 1, 2027, with bank account garnishment procedures effective January 1, 2028