Enforcement of money judgments: exemptions.

Plain English Breakdown

The official source material does not provide specific details on the value of the home's exemption or other types of property covered by this bill.

Money Judgments: Protecting Home Improvements

AB-2740 changes how money judgments can be enforced by protecting a person's main house and materials for repairs or improvements.

What This Bill Does

• Adds protection to the principal place of residence where someone lives from being taken away because of money owed.
• Includes items needed to fix or improve the principal place of residence in the list of things that cannot be taken away due to money judgments.

Who It Names or Affects

• People who have money judgments against them and own their homes.

Terms To Know

Money Judgment

A court order that says someone must pay a certain amount of money to another person or company.

Exemption

Something that is protected and cannot be taken away by the law, even if there is a debt.

Limits and Unknowns

• The bill does not specify how much of the home's value can be exempt.
• It only applies to materials for repairs or improvements, not other types of property.

Official Summary Text

AB 2740, as introduced, Macedo.
Enforcement of money judgments: exemptions.
Existing law identifies various types of property of a judgment debtor that are exempt from the enforcement of a money judgment, including material that in good faith is about to be applied to the repair or improvement of a residence, as specified.
This bill would specify that this exemption would apply to the judgment debtor’s principal place of residence or domicile.

Current Bill Text

Download Bill PDF