Banking and Financial Services Provider Protections for Eligible Adults from Financial Exploitation

Summary

The bill gives West Virginia banks the ability to delay, refuse, or block certain account actions when they suspect an eligible adult is being financially exploited. It also requires banks to notify a state agency and, optionally, a designated family member or fiduciary. The law protects seniors and adults with significant mental impairments while shielding banks from liability when they act in good faith.

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

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