Exemptions from garnishment; minimum protected account balance, certain benefit payments.
It became law on Apr 13.
- Stage
- Became law
- Started in
- House
- Sponsors
- +7
- Latest action
- Apr 13
What it does
Exemptions from garnishment; minimum protected account balance; certain benefit payments; procedure for financial institutions. Requires certain financial institutions to automatically exempt from garnishment (i) a minimum protected account balance, defined in the bill as the combined total of not more than $1,000 in a judgment debtor's account or across multiple accounts in the same financial institution, and (ii) a protected amount of certain benefit payments, defined in the bill, that have been deposited into the account via direct deposit or electronic deposit within the two months immediately preceding the day before a financial institution commences an account review. The bill…
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
Where it goes next
Law in Virginia. Agencies now write the rules that carry it out, and courts can stay or strike it.
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Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
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