Garnishment and bankruptcy exemptions modified.

HF 3188 modifies Minnesota's garnishment and bankruptcy exemptions by creating a new $1,000 exemption for funds in any debtor's depository account (e.g., checking or savings accounts), regardless of the money's source. This exemption applies to all individual debtors facing garnishment and requires financial institutions to protect up to $1,000 per account when processing garnishment orders. The bill also adds specific requirements for creditors to provide exemption notices to financial institutions and clarifies that this $1,000 exemption cannot be combined with another existing exemption. The changes take effect August 1, 2025, for new cases.