An Act establishing a commission to study the financial abuse of elders
House: Committee recommended ought to pass and referred to the committee on House Ways and Means
Summary
The bill sets up a commission of legislators, elder‑law attorneys, and representatives from advocacy, real‑estate, financial‑services, banking and credit‑union groups to examine how people age 60 and older are financially exploited. It will look at the economic impact, lending practices, low‑value property transfers, scams and other abuse, and must issue policy recommendations by Dec 31 2026. The aim is to improve protections for older residents of the Commonwealth.
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