protect financial institutions taking action to prevent the financial exploitation of consenting, senior, or vulnerable adults.

Summary

The bill lets financial institutions refuse or postpone account actions when they reasonably suspect exploitation of a consenting, senior, or vulnerable adult. It defines key terms, sets limits on how long the block can last, and gives the institutions immunity from liability. The measure aims to give banks a tool to stop abuse while protecting them from lawsuits.

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

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