Louisiana SB173 amends the garnishment process for federally insured financial institutions.
Louisiana SB173 modifies the garnishment process for federally insured financial institutions. If a garnishee, such as a bank, admits to holding funds belonging to a judgment debtor and has not received notice of opposition to the garnishment, it may deliver funds over $1,000 to the sheriff after 30 days. Delivery or payment to the sheriff discharges the garnishee's obligation to the judgment debtor. This process does not apply to garnishment of wages, salaries, tips, or commissions. Effective August 1, 2026.
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