SACRAMENTO – Beginning next Tuesday, Californians taking on more debt through the COVID-19 pandemic, high unemployment and wildfires, will gain some added financial security when a law authored by Sen. Bob Wieckowski (D-Fremont) and supported by consumer groups and legal aid providers goes into effect.
Senate Bill 616 was approved by the Legislature and signed into law by Governor Gavin Newsom in 2019. The law creates an automatic bank account exemption to prevent debt collectors from seizing the last $1,788 in a person’s account.