SB142

Existing law allows a judgment creditor to obtain a writ of execution, attachment or garnishment to levy on the property of a judgment debtor or defendant in certain circumstances. (Chapters 21 and 31 of NRS) With certain exceptions, existing law exempts certain property from execution, thereby prohibiting such property from being the subject of such a writ. (NRS 21.090-21.105) Among the property exempt from execution, certain property is exempt only up to a specified amount. For example, payments received by a judgment debtor or by a person upon whom the judgment debtor is dependent as compensation for personal injury that are not compensation for pain and suffering or actual pecuniary loss are exempt from execution to the extent that such payments do not exceed $16,150. (NRS 21.090) Additionally, under existing law, with certain exceptions, $605,000 in equity in property designated as a homestead, including certain payments made to a defendant or spouse in that amount upon the sale of homestead property under certain circumstances, is protected from a forced sale upon execution or any final process from any court. (NRS 21.090, 115.010, 115.050, 115.055) Sections 1, 4, 5 and 8-11 of this bill require the monetary amounts set forth in the provisions of existing law governing property exempt from execution to be adjusted on April 1, 2026, and every 3 years thereafter in amount equal to the percentage of increase or decrease in the Consumer Price Index for All Urban Consumers,