Relating to: financial exploitation of vulnerable adults.

Summary

The bill creates new definitions for agencies that protect at‑risk adults and for what counts as a financial transaction. It gives banks, credit unions and similar institutions the option to refuse or delay any transaction when they have reasonable cause to suspect exploitation, or when a protecting agency alerts them. It also lets them decline a power of attorney for a vulnerable adult if exploitation is suspected, and shields them from liability when acting in good faith.

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

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