California AB2740 amends the Code of Civil Procedure to exempt materials for home repair from money judgments if their equity is under $3,500.

California AB2740 modifies Section 704.030 of the Code of Civil Procedure to exempt materials intended for the repair or improvement of a residence from money judgments. This exemption applies if the equity in the materials does not exceed $3,500. The exemption covers materials purchased in good faith for the judgment debtor’s principal residence or domicile, or for the spouse’s residence if they live separately.

California AB2740 amends the Code of Civil Procedure to exempt materials for home repair from money judgments if their equity is under $3,500.

California AB2740 modifies Section 704.030 of the Code of Civil Procedure to exempt materials intended for the repair or improvement of a residence from money judgments. This exemption applies if the equity in the materials does not exceed $3,500. The exemption covers materials purchased in good faith for the judgment debtor’s principal residence or domicile, or for the spouse’s residence if they live separately.