Exempts homeowner savings plans and qualified home disaster mitigation and recovery expenses accounts from legal processes.

This bill amends Florida Statutes to exempt certain accounts from legal processes such as attachment, levy, garnishment, or legal process. Specifically, it adds homeowner savings plans and qualified home disaster mitigation and recovery expenses accounts to the list of exempt accounts. A homeowner savings plan is defined as a plan used by the owner of homestead property to reduce taxable income based on the value of such property, with savings directed back into the plan for homeownership expenses.

Exempts homeowner savings plans and qualified home disaster mitigation and recovery expenses accounts from legal processes.

This bill amends Florida Statutes to exempt certain accounts from legal processes such as attachment, levy, garnishment, or legal process. Specifically, it adds homeowner savings plans and qualified home disaster mitigation and recovery expenses accounts to the list of exempt accounts. A homeowner savings plan is defined as a plan used by the owner of homestead property to reduce taxable income based on the value of such property, with savings directed back into the plan for homeownership expenses.