The proposed bill, titled "An Act relative to the prevention of financial exploitation of the elderly," aims to enhance the legal framework surrounding the protection of older adults from financial exploitation in Massachusetts. It amends Section 14 of Chapter 19A of the General Laws by redefining "Financial Exploitation" to include acts that cause substantial monetary or property loss to an older adult, while also introducing new definitions for terms such as "Intimidation," "Undue influence," and "Deception." These definitions clarify the various forms of exploitation and manipulation that can occur, particularly emphasizing the importance of consent and the conditions under which it may be deemed invalid.

Additionally, the bill introduces new provisions in Chapter 266, establishing penalties for individuals convicted of financial exploitation, including potential imprisonment for repeat offenders. It allows for the freezing of a defendant's assets in cases involving significant property loss, ensuring restitution for victims. The bill also outlines civil liabilities for those who fail to return unlawfully obtained property, mandating treble damages and attorney fees. Overall, the legislation seeks to strengthen protections for older adults against financial abuse while providing clear definitions and consequences for offenders.

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