Provides that amount in debtor's financial account equal to lesser of specified exempt payments or total balance of debtor's account is not subject to garnishment if payments were deposited in debtor's account by direct deposit or electronic payment during calendar month that preceded month in which writ of garnishment was delivered to financial institution. Provides that amount in debtor's financial account equal to lesser of specified exempt payments or total balance of debtor's account is not subject to garnishment if payments were deposited in debtor's account by direct deposit or electronic payment during calendar month that preceded month in which writ of garnishment was delivered to financial institution.
Provides that all funds that are exempt under federal law remain exempt when deposited in debtor's financial account as long as exempt funds are reasonably identifiable. Requires application of first in, first out accounting principles for purposes of identifying exempt funds in financial accounts.
Increases search fee for garnishor other than Department of Revenue.
Prohibits financial institution from charging or collecting garnishment processing fee if none of debtor's property held by financial institution is subject to garnishment.
Oregon Legislative Assembly - Public Testimony Registration Form
You are registering to speak about:
SB 731
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Measure Not Scheduled for Public Testimony
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help.leg@oregonlegislature.gov or call 1-800-332-2313.