Requires, or authorizes, as appropriate, financial institutions to take certain action upon certain financial transactions made by vulnerable or senior customer.

Summary

The bill directs financial institutions to provide account information to law‑enforcement or county adult‑protective services when they suspect fraud involving a senior (60+) or vulnerable (18+) customer. It also lets them temporarily hold a transaction they believe could exploit such customers, with required notifications and a limited review period. Institutions acting in good faith are shielded from liability for these actions.

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

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