Relating to garnishment; and declaring an emergency.
Catchline/Summary:
Requires financial institution to perform garnishment account review of accounts of debtor when financial institution receives writ of garnishment for purpose of determining whether certain protected payments have been deposited in debtor's account during specified lookback period. Requires financial institution to perform garnishment account review of accounts of debtor when financial institution receives writ of garnishment for purpose of determining whether certain protected payments have been deposited in debtor's account during specified lookback period.
Requires financial institution to ensure that debtor has full customary access to protected amounts in account, and to give notice to account holder of results of garnishment account review.
Provides that requirements do not apply if Notice of Right to Garnish Federal Benefits is attached to or included in writ of garnishment.
Prescribes form of notice to debtor.
Declares emergency, effective on passage.
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SB 926
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