2012 Senate Bill 895 / Public Act 553

Create new debt collection exemptions

Introduced in the Senate

Jan. 18, 2012

Introduced by Sen. Michael Green (R-31)

To exempt a delinquent debtor’s educational trusts and savings accounts from seizure or garnishment in a court judgment that orders payment of the debt.

Referred to the Committee on Judiciary

June 6, 2012

Passed in the Senate 38 to 0 (details)

Received in the House

June 7, 2012

Referred to the Committee on Judiciary

Nov. 8, 2012

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Dec. 13, 2012

Substitute offered by Rep. John Walsh (R-19)

The substitute passed by voice vote

Passed in the House 110 to 0 (details)

To exempt a delinquent debtor’s educational trusts and savings accounts from seizure or garnishment in a court judgment that orders payment of the debt.

Received in the Senate

Dec. 13, 2012

Passed in the Senate 38 to 0 (details)

To concur with the House-passed version of the bill.

Signed by Gov. Rick Snyder

Dec. 31, 2012