HB1396: restoring and reinforcing the exemptions from levy, sale on execution, and liability to be encumbered or taken for the payment of debts of the homestead right.

HB 1396 – AS INTRODUCED

2012 SESSION

12-2589

05/09

HOUSE BILL 1396

AN ACT restoring and reinforcing the exemptions from levy, sale on execution, and liability to be encumbered or taken for the payment of debts of the homestead right.

SPONSORS: Rep. Sorg, Graf 3; Rep. B. Murphy, Rock 18; Sen. Gallus, Dist 1

COMMITTEE: Judiciary

ANALYSIS

This bill provides that the homestead right shall be protected, with certain limited exceptions, from every type of claim or judgment.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

12-2589

05/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Twelve

AN ACT restoring and reinforcing the exemptions from levy, sale on execution, and liability to be encumbered or taken for the payment of debts of the homestead right.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 The Homestead Right; Exemption. Amend the introductory paragraph of RSA 480:4 to read as follows:

480:4 Exemption. The homestead right is exempt from attachment during its continuance from levy or sale on execution[,] and from liability to be encumbered or taken for the payment of debts, and shall protect the homestead against every type of claim and judgment, whether at law or in equity, except in the following cases:

2 Effective Date. This act shall take effect upon its passage.