(a) If property is claimed as exempt pursuant to a provision exempting property to the extent necessary for the support of the judgment debtor and the spouse and dependents of the judgment debtor, the claim of exemption shall include a financial statement.
§ 703.530.Financial Statement
Title 9. Enforcement of Judgments · Division 2 · Chapter 4. Exemptions · Article 2. Procedure for Claiming Exemptions After Levy · Enacted 1982 · no amendments on record · Last verified July 28, 2026
In one sentenceSection 703.530 requires a claimant relying on a support-based exemption to attach a financial statement disclosing the spouse's name, dependents, income sources, assets, and outstanding obligations, sworn to by the debtor and, unless living separately, the debtor's spouse.
Full Text of § 703.530
(b) The financial statement shall include all of the following information:
(1) The name of the spouse of the judgment debtor.
(2) The name, age, and relationship of all persons dependent upon the judgment debtor or the spouse of the judgment debtor for support.
(3) All sources and the amounts of earnings and other income of the judgment debtor and the spouse and dependents of the judgment debtor.
(4) A list of the assets of the judgment debtor and the spouse and dependents of the judgment debtor and the value of such assets.
(5) All outstanding obligations of the judgment debtor and the spouse and dependents of the judgment debtor.
(c) The financial statement shall be executed under oath by the judgment debtor and, unless the spouses are living separate and apart, by the spouse of the judgment debtor.
Plain-English Summary
Some exemptions turn on need rather than a fixed category of property — protecting only as much as the debtor and family require for support. To evaluate that kind of claim, the court needs financial detail the ordinary claim of exemption doesn't otherwise provide, so this section requires a financial statement whenever the exemption being claimed depends on the support needs of the debtor and the debtor's spouse and dependents.
That statement has to disclose the spouse's name; the name, age, and relationship of everyone who depends on the debtor or spouse for support; every source and amount of earnings and other income for the debtor, spouse, and dependents; a list of their assets and values; and their outstanding obligations.
Subdivision (c) requires the debtor to swear to the statement under oath, and requires the spouse to do the same unless the spouses are living separate and apart. That joint sworn statement is what § 703.580(c) later directs the court to review and make findings on when a deposit-account claim relies on the § 704.225 support exemption.
Frequently Asked Questions
When is a financial statement required with a claim of exemption?
Whenever the claim relies on an exemption that protects property to the extent necessary for the support of the debtor and the debtor's spouse and dependents.
What information does the financial statement have to include?
The spouse's name, the dependents' names, ages, and relationships, all income sources and amounts, a list of assets and their values, and outstanding obligations.
Who has to sign the financial statement?
The debtor, and also the debtor's spouse unless the spouses are living separate and apart, both under oath.
Amendment History
Added by Stats. 1982, Ch. 1364, Sec. 2. Operative July 1, 1983, by Sec. 3 of Ch. 1364.
Source & verification. Section text is reproduced verbatim from
the Deering's California Codes Annotated / vLex. Enacted by the California Legislature.
Last verified July 28, 2026.
· Official source
Also known as: financial statement exemption claim californiasupport based exemption financial disclosure california