1.1 	A bill for an act
1.2 	relating to creditor remedies; updating types of property exempt from attachment;
1.3 	amending Minnesota Statutes 2020, section 550.37, subdivision 4, by adding 
1.4 	subdivisions.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2020, section 550.37, subdivision 4, is amended to read:
1.7 		Subd. 4.Personal goods. (a) All wearing apparel, one watch, utensils, and foodstuffs 
1.8 	of the debtor and the debtor's family.
1.9 	(b) Household furniture, household appliances, phonographs, radio and television 
1.10 	receivers radios, computers, tablets, televisions, printers, and cell phones of the debtor and 
1.11 	the debtor's family, not exceeding $11,250 in value.
1.12 	(c) The debtor's aggregate interest, not exceeding $3,062.50 in value, in wedding rings 
1.13 	or other religious or culturally recognized symbols of marriage exchanged between the 
1.14 	debtor and spouse at the time of the marriage andjewelry in the debtor's possession.
1.15 	The exemption provided by this subdivision may not be waived except with regard to 
1.16 	purchase money security interests. Except for a pawnbroker's possessory lien, a nonpurchase 
1.17 	money security interest in the property exempt under this subdivision is void.
1.18 	If a debtor has property of the type which would qualify for the exemption under clause 
1.19 	(b), of a value in excess of $11,250 an itemized list of the exempt property, together with 
1.20 	the value of each item listed, shall be attached to the security agreement at the time a security 
1.21 	interest is taken, and a creditor may take a nonpurchase money security interest in the excess 
2.1 	over $11,250 by requiring the debtor to select the exemption in writing at the time the loan 
2.2 	is made.

2.3 	Sec. 2. Minnesota Statutes 2020, section 550.37, is amended by adding a subdivision to 
2.4 	read:
2.5 		Subd. 27.Household tools and equipment. Debtor's aggregate interest, not to exceed 
2.6 	$3,000, in hand and power tools, snow removal equipment, and lawnmowers.

2.7 	Sec. 3. Minnesota Statutes 2020, section 550.37, is amended by adding a subdivision to 
2.8 	read:
2.9 		Subd. 28.Any property. Debtor's aggregate interest, not to exceed $1,250, in any 
2.10 	property except earnings.