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2020 SPECIAL SESSION I

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HB 5068 Emergency relief payments; automatic exemption from creditor process.

Introduced by: Hala S. Ayala | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Emergency relief payments exempt from creditor process; emergency. Automatically exempts from the creditor process emergency relief payments, as defined in the bill, paid to individuals. The bill further requires a financial institution receiving such payments directly from the federal government to exempt such payments from the creditor process under certain circumstances. The bill provides that, if a financial institution does not set aside such payments as exempt, the accountholder receiving such payments must claim the exemption. The bill contains an emergency clause.

SUMMARY AS PASSED HOUSE:

Automatic exemption of emergency relief payments during a state of emergency; emergency. Automatically exempts from the creditor process emergency relief payments, as defined in the bill, paid to individuals and businesses during a state of emergency declared by the Governor. The bill further requires a financial institution receiving such payments directly from a governing body to set aside such payment as exempt from the creditor process under certain circumstances. The bill provides that, if a financial institution does not set aside such payments as exempt, the accountholder receiving such payments must claim the exemption. The bill contains an emergency clause.

SUMMARY AS INTRODUCED:

Automatic exemption of emergency relief payments during a state of emergency; emergency. Automatically exempts from the creditor process emergency relief payments, as defined in the bill, paid to individuals and businesses during a state of emergency declared by the Governor. The bill contains an emergency clause.