Raised H.B. No. 5427
Session Year 2020


To (1) require financial institutions to leave the lesser of the account balance or one thousand dollars in a judgment debtor's account during a bank execution; (2) increase the amount of the threshold of the aggregate cash price of a repossessed motor vehicle or boat for purposes of the formula for calculating the prima facie fair market value of such motor vehicle or boat; (3) eliminate extension options and establish a firm ten-year statute of limitations for the enforcement of small claims judgments; and (4) clarify that credit card charges for the purchase of goods and services are not to be considered moneys loaned for purposes of post-judgment interest.

Introduced by:
Banking Committee

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Co-sponsors for Amendment LCO:

Bill History

 Date Action Taken
 3/4/2020Public Hearing 03/10
 3/3/2020Referred to Joint Committee on Banking

Co-sponsors of HB-5427

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