This bill authorizes a financial institution or credit union authorized to do business in this State to report suspected financial exploitation of an adult 62 years of age or older to the Office of the Attorney General. The bill also authorizes a financial institution or credit union to delay, for a certain period of time and under certain conditions, a disbursement from an account if financial exploitation is suspected. A financial institution or credit union that takes action in good faith in response to suspected financial exploitation is immune from administrative or civil liability. The bill allows a financial institution or credit union to provide access to or copies of records related to suspected financial exploitation to a law enforcement agency and designates records provided to a law enforcement agency as confidential.

Statutes affected:
Bill Text LD 1445, SP 586: 9-B.162