Connecticut SB00300 establishes a debt collection exemption for joint accounts where the exemptioner has no equitable interest.

Connecticut SB00300 amends the state's general statutes to establish an exemption from debt collection for any part of the balance of an account deemed a joint account in which the exemptioner has no equitable interest. This change aims to protect individuals from having their joint accounts targeted for debt collection, ensuring that only the portion they own is subject to such actions. The act will take effect on October 1, 2026.

Connecticut SB00300 establishes a debt collection exemption for joint accounts where the exemptioner has no equitable interest.

Connecticut SB00300 amends the state's general statutes to establish an exemption from debt collection for any part of the balance of an account deemed a joint account in which the exemptioner has no equitable interest. This change aims to protect individuals from having their joint accounts targeted for debt collection, ensuring that only the portion they own is subject to such actions. The act will take effect on October 1, 2026.