HB 5491 — AN ACT CONCERNING THE AMOUNT OF MONEY FINANCIAL INSTITUTIONS MUST LEAVE IN A JUDGMENT DEBTOR'S ACCOUNT DURING A BANK ACCOUNT EXECUTION.
Last action — FILE NO. 261
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✓Introduced
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2In Committee
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3Passed House
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4Passed Senate
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5To Executive
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6Enacted
This bill died with 2018 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Bill Text
What changed in the latest version
3 added · 4 removedPlain-language change summary
The amendment changes the requirement for financial institutions during a bank execution to ensure that they leave the lesser of either the account balance or one thousand dollars in the judgment debtor's account. This matters because it provides a minimum safeguard for individuals by allowing them to retain a certain amount of funds in their accounts during such proceedings.
2289 *02289_______BA_**_____HB05491BA____032118____* Referred to Committee on BANKING Introduced by:
Section 1 October 1, 2018 52-367b StatementBA ofJoint Purpose:Favorable
To 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.
[Proposed deletions are enclosed in brackets.
Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]
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Action History
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FILE NO. 261
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HOUSE CALENDAR NUMBER 194
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FAV. RPT., TABLED FOR HOUSE CALENDER
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RPTD. OUT OF LCO
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REFERRED TO Office of Legislative Research AND Office of Fiscal Analysis 04/04/18
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FILED WITH LCO
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Joint Favorable
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PUBLIC HEARING 0315
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REF. TO JOINT COMM. ON Banking
Sponsors
- Banking Committee · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 186 not signed on
Sponsors (1)
- Banking Committee
Co-sponsors (0)
None.
Not signed on (186)
186 members have not signed on to this bill.
Show all 186 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- Who sponsors HB 5491?
- HB 5491 is sponsored by Banking Committee.
- What is the current status of HB 5491?
- This bill died with 2018 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track HB 5491?
- Track HB 5491 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 2 months ago · updated continuously
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