An Act protecting vulnerable adults from financial exploitation

Summary

The bill lets financial institutions and qualified staff voluntarily notify protective agencies when they reasonably suspect financial exploitation of an eligible adult (someone 60 or older or a disabled person). It also gives those who act in good faith immunity from civil or administrative liability and permits them to delay or stop transactions they believe could be abusive, with specific reporting timelines. The goal is to protect vulnerable adults from fraud and undue influence.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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