The proposed bill establishes the "Elderly and Disabled Adult Contract Protection Act," which aims to safeguard the rights of elderly individuals and disabled adults in contractual agreements. It mandates that all contracts involving these parties be presented in their primary language and requires a comprehensive review of the contract to ensure understanding before signing. This review must include a detailed explanation of the contract's terms and implications. Additionally, the bill stipulates that a video recording of the contracting process must be made, capturing the review and the signing of the contract to confirm that the individual is not under duress. This video must be securely stored for a minimum of five years and can only be accessed under specific conditions.

The bill also outlines penalties for non-compliance, with fines reaching up to $10,000 for first offenses and $25,000 for subsequent violations. Individuals harmed by violations of this act are granted the right to seek civil remedies, including contract rescission and damages. The act is set to take effect on July 1, 2026.