HB 373

Abstract

Financial institutions; reporting financialexploitation of elderly or vulnerable adults. Permits a financial institution, as defined in the bill, to allow an elderly or vulnerableadult, as defined in the bill, to submit and periodically updatea list of trusted persons whom such financial institution or financialinstitution staff, as defined in the bill, may contact in the caseof suspected financial exploitation of such adult. In such a case,the bill also allows a financial institution or financial institutionstaff to convey such suspicion to one or more certain individuals,provided that the recipient of such conveyance is not the suspectedperpetrator of financial exploitation. The bill provides that a financialinstitution or financial institution staff shall be immune from any criminal, civil, or administrative liability for any act taken oromission made in accordance with the bill's provisions.