Vote Smart's Synopsis:

Vote to pass a bill that amends and updates consumer debt garnishment exemptions for wages, homes, vehicles, and tools of the trade to reflect modern values in Michigan.

Highlights:

• Amends and updates consumer debt garnishment exemptions to reflect modern values for the following, including (Sec. 1):

• Wages;

• Homes;

• Vehicles; and 

• Tools of the trade.

• Prohibits debt collectors from intercepting Earned Income Tax Credit (EITC) public benefits intended to support vulnerable families in Michigan (Sec. 1).

• Specifies that the provisions of this bill shall become effective 180 days after passage and approval by the Governor (Sec. 2).

Full Bill Text