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General monetary exemption - 42 Pa. Cons. Stat. § 8123

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     § 8123.  General monetary exemption.
        (a)  General rule.--In addition to any other property
     specifically exempted by this subchapter, property of the
     judgment debtor (including bank notes, money, securities, real
     property, judgments or other indebtedness due the judgment
     debtor) to the value of $300 shall be exempt from attachment or
     execution on a judgment. Within such time as may be prescribed
     by general rules the judgment debtor may claim the exemption in
     kind and may designate the specific items of property to which
     the exemption provided by this section shall be applicable
     unless the designated property is not capable of appropriate
     division, or the judgment debtor may claim the exemption in cash
     out of the proceeds of the sale.
        (b)  Exception.--Subsection (a) shall not apply to any
     judgment:
            (1)  For support.
            (2)  Debtor who is not an individual.
            (3)  Obtained for board for four weeks or less.
            (4)  For $100 or less obtained for wages for manual
        labor.
            (5)  Obtained in foreclosing a mortgage secured upon real
        property whether the judgment is by an action in mortgage
        foreclosure or an action on a note, bond or other evidence of
        indebtedness accompanying a mortgage. The exception to the
        general monetary exemption provided for in this paragraph
        shall be limited to the real property secured by the
        mortgage. The exception shall not apply to any deficiency
        judgment.
        (c)  Executions issued by minor judiciary.--As to executions
     issued by the minor judiciary the amount of the exemption
     specified in subsection (a) shall be reduced by the value of any
     real or personal property of the judgment debtor which is
     generally subject to attachment or execution but which by law is
     not subject to attachments or executions issued by the minor
     judiciary.
     (Apr. 28, 1978, P.L.202, No.53, eff. 60 days; June 8, 1979,
     P.L.42, No.14, eff. imd.; Dec. 20, 1982, P.L.1409, No.326, eff.
     60 days)

        1982 Amendment.  Act 326 amended subsecs. (a) and (c).
        1979 Amendment.  Act 14 amended subsecs. (a) and (b). Section
     2 of Act 14 provided that Act 14 shall be retroactive to June
     27, 1978, and further provided that all amounts heretofore
     collected by officers enforcing orders under 42 Pa.C.S. § 8123
     as purported monetary exemptions in mortgage foreclosure actions
     shall be refunded forthwith to the party entitled thereto.
        Cross References.  Section 8123 is referred to in sections
     3315, 4315, 5315 of Title 68 (Real and Personal Property).

Last modified: November 27, 2007