Relating to: financial exploitation of vulnerable adults.
Failed to concur in pursuant to Senate Joint Resolution 1
Summary
The measure creates new definitions for adult‑at‑risk agencies and for what counts as a financial transaction. It authorizes banks, credit unions and similar institutions to refuse or delay any transaction when they have reasonable cause to suspect financial exploitation of a vulnerable adult, or when notified by a relevant agency. Providers that act in good faith are protected from liability.
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