Mandated reporters of suspected financial abuse of an elder or dependent adult.

Summary

The bill expands the list of mandated reporters to include all officers and employees of banks, credit unions and similar institutions. When they suspect financial abuse of an elder or dependent adult, they must report it to local adult‑protective services or law enforcement and also to the FBI’s Internet Crime Complaint Center within two working days. Institutions must train staff annually and inform clients promptly when potential abuse is detected.

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