The bill amends the Michigan Penal Code, specifically section 174a, to enhance protections against financial exploitation of vulnerable adults. It establishes that individuals who fraudulently obtain or attempt to obtain a vulnerable adult's money or property can be prosecuted for their actions both during the adult's life and after their death if they continue to exploit the estate. The bill introduces various penalties based on the value of the money or property involved, ranging from misdemeanors for amounts under $200 to felonies for amounts exceeding $100,000, with increased penalties for repeat offenders.

Additionally, the bill clarifies the aggregation of values for multiple incidents of exploitation against a vulnerable adult, allowing for a comprehensive assessment of the total value involved in such cases. It also specifies that prior convictions can be considered for enhanced sentencing, while ensuring that these prior convictions cannot be used to further enhance sentences for other offenses. The bill includes provisions for financial institutions and their employees, protecting them from liability when acting within the scope of their business duties. The amendments are set to take effect 90 days after enactment.

Statutes affected:
Senate Introduced Bill: 750.174
As Passed by the Senate: 750.174