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Texas Senate Passes HB 2706 Relating to Personal Property Exemption from Seizure
Wednesday, May 27, 2015 6:50 AM

HB 2706 by Rep. John Wray (R-Waxahachie) and Sen. José Rodriguez (D-El Paso) updates the law relating to the value of personal property that is exempt from seizure by creditors from $60,000 to $100,000 for a family and from $30,000 to $50,000 for an individual. The amounts were last adjusted more than 30 years ago.

The bill passed the Senate on a vote of 31 to 0 now goes to the governor.

Contact Jeff Huffman, president, Texas Credit Union Association, at 469-385-6488 or jhuffman@txcua.coop for more information.