Tallahassee - Friday May 20, 2022: Governor DeSantis Friday vetoed CS/HB 265 proposed a change in the value of motor vehicles exempt from the legal process. It would have raised the exemption value of a debtor's interest in a single motor vehicle from $1,000 to %5,000 in bankruptcy cases. For all other creditor matters, a debtor's interest in a single motor vehicle would remain exempt up to $1,000, according to the bill.
While "it may be time to consider increasing the outdate exemption amount" the Governor explained that he vetoed this measure because "this increase should apply to all persons who can claim Florida exemptions, whether in or out of bankruptcy, sot hat people are not incentivized to file for bankruptcy, which has long lasting, negative consequences for a person's credit history."
For the transmittal letters, click here.
The Governor signed the following eight bills into law:
• 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 Finance Loans
• CS/SB 838 – Fire Investigators
• SB 1058 – Property Insurer Reimbursements
• SB 7006 – A Review under the Open Government Sunset Review Act