A bill to amend 1961 PA 236, entitled “Revised judicature act of 1961,” by amending sections 2807, 4011, 4015, 4031, 4061a, 6023, 6027, 6059, and 6104 (MCL 600.2807, 600.4011, 600.4015, 600.4031, 600.4061a, 600.6023, 600.6027, 600.6059, and 600.6104), section 2807 as added by 2004 PA 136, section 4011 as amended and section 4061a as added by 1994 PA 346, and section 6023 as amended by 2012 PA 553, and by adding sections 4001a, 4032, 4033, 6001a, 6023b, 6023c, 6023d, 6023e, 6023f, 6023g, and 6023h.
This bill specifies conditions for judgment liens on real property, their priority, and limits on judgment creditors' claims on property sale or refinancing proceeds. It clarifies garnishment terms and procedures, including protections for certain earnings, prioritization of child support, and the prohibition of garnishment fees by financial institutions. The bill details exemptions from garnishment for various benefits and earnings, sets limits on garnishable earnings, and outlines the handling of garnished money or property. It increases the homestead exemption value, protects retirement accounts, educational savings, and crime victims' compensation from garnishment, and mandates a notice period before garnishment actions.
Co-sponsored by Reps.
Referred to the Committee on Insurance and Financial Services
