Signed into LawFiled Jan 28, 2026
Sponsor: Thomas Alexander (R)
Latest Action
Effective date 05/19/26
Jun 5, 2026
Summary
The law defines "eligible adult" as anyone 55 years or older or a vulnerable adult, and sets standards for financial institutions to suspect, halt, or decline transactions that could be abusive. Institutions must notify authorized account parties, may report suspected abuse, and are granted immunity for good‑faith actions. It also lets eligible adults name emergency contacts who can be alerted if exploitation is suspected.
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