Maine Revised Statutes Title 22 Sec. 3815 – Exempt property
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Terms Used In Maine Revised Statutes Title 22 Sec. 3815
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
- Obligor: means an individual who receives an overpayment or an adult individual who is a member of an assistance unit that receives an overpayment. See Maine Revised Statutes Title 22 Sec. 3811
- Trustee: A person or institution holding and administering property in trust.
An obligor‘s weekly income equal to 30 times the federal minimum wage as prescribed by the United States Code, title 29, § 206(a)(1), is exempt from collection by income withholding. Property otherwise exempt from trustee process, attachment and execution is exempt from collection by lien and foreclosure. [PL 1993, c. 654, §1 (NEW).]
SECTION HISTORY
PL 1993, c. 654, §1 (NEW).