On May 6, 2026, OKL LEG reported bill approval by the governor.
On Apr. 29, OKL LEG passed bill on financial exploitation investigations
OKL LEG passed SB 2067 on permitting disclosure or release of information for investigations of financial exploitation of protected adults.
Amends OK LEG 6-2205 (Financial Privacy Act, disclosures and releases authorized) and adds OK LEG 6-3401 (framework for disclosures of information).
Bill Provisions
Creates a framework for financial institutions to identify, report, and respond to suspected financial exploitation of protected adults.
Protected adults are adults who are incapacitated or vulnerable, or who are age 62 or older.
Financial exploitation is the wrongful use of a protected adult's money, assets, or property through coercion, deception, fraud, abuse of power, or unlawful control.
Employees of financial institutions must report suspicious transactions internally and notify appropriate agencies.
Institutions must maintain records of suspicious activity for potential investigations.
At their discretion, institutions may alert a trusted contact designated by the account holder unless the person is the one suspected of wrongdoing.
Can also place temporary holds on suspicious transactions as long as they adhere to the holding period deadlines and notice requirements outlined in the bill.
Financial institutions and employees acting in good faith are exempt from civil and criminal liability.
Bill also amends the Financial Privacy Act to permit sharing financial records for exploitation investigations.
Legislative History
On Feb. 2, 2026, bill introduced in Senate; on Mar. 16, 2026, bill passed Senate.
On Mar. 17, 2026, bill introduced in House; on Apr. 29, 2026, bill passed House.
Effectiveness
If enacted, bill will take effect on Nov. 1, 2026.
May 2026 OKL LEG Governor Approval
On May 6, 2026, OKL LEG reported bill approval by the governor.
