O F F I C E O F L E G I S L A T I V E R E S E A R C H
P U B L I C A C T S U M M A R Y
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PA 21-161—HB 6466
Judiciary Committee
AN ACT CONCERNING PR OPERTY THAT IS EXEMP T FROM A
JUDGMENT CREDITOR
SUMMARY: By law, certain types and amounts of property, income, and assets
are exempt from debt collection (i.e., attachment and post-judgment collections).
The act modifies this exemption by:
1. increasing the motor vehicle exemption from $3,500 for one vehicle to
$7,000 in the aggregate for up to two vehicles, which, under existing law
and the act, is determined by the vehicle’s fair market value minus all liens
and security interests on it;
2. expanding the list of exemptions to include the cash surrender value of a
state resident’s life insurance policy unless the policy was (a) assigned to
or effected for the creditor’s benefit or (b) purchased, sold, or transferred
with the intent to defraud the creditor;
3. increasing the homestead exemption to $250,000, instead of $75,000 or,
for money judgments for hospital services, to $125,000 as under prior law;
and
4. limiting the homestead exemption to $75,000 for money judgments for
claims of sexual abuse or exploitation of a minor, sexual assault, or other
willful, wanton, or reckless misconduct.
The act also makes technical and conforming changes.
EFFECTIVE DATE: October 1, 2021