Tallahassee – Friday, May 20, 2022: Governor DeSantis on Friday vetoed CS/HB 265’s proposed change to the value of motor vehicles exempt from legal process. It would have increased the exemption value of a debtor’s interest in a single motor vehicle from $1,000 to 5,000% in the event of bankruptcy. For all other creditor matters, a debtor’s interest on a single motor vehicle would remain exempt up to $1,000, according to the bill.
Although “it may be time to consider increasing the amount of the obsolete exemption”, the governor explained that he had vetoed this measure because “this increase should apply to all people who can apply for exemptions in Florida whether they are bankrupt or not, so people have no incentive to file for bankruptcy, which has long-term negative consequences on a person’s credit history. »
For transmittal letters, click here.
The Governor has signed into law the following eight bills:
• CS/SB 58 – Relief of Yeilyn Quiroz Otero by Miami-Dade County
• CS/SB 70 – Relief of Donna Catalano by the Department of Agriculture and Consumer Services
• CS/SB 74 – Relief of Harry Augustin Shumow by the Public Health Trust of Miami-Dade County d/b/a Jackson Memorial Hospital
• CS/CS/SB 80 – Relief of Christeia Jones, as guardian of Logan Grant, Denard Maybin, Jr. and Lanard Maybin
• SB 546 – Consumer loans
• CS/SB 838 – Fire Investigators
• SB 1058 – Property Insurer Reimbursements
• SB 7006 – A review under the Open Government Sunset Review Act