Document dated Jun. 9, 2025, was received on Jul. 1, 2025, due to a fixed feed.
Legislative Provisions
Bill authorized 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.
Authorized a financial institution or credit union to delay, for a certain period of time, under certain conditions, a disbursement from an account if exploitation is suspected.
A financial institution or credit union that takes action in good faith in response to suspected financial exploitation is immune from the administrative or civil liability.
This bill allows a financial institution or credit union to provide access to or copies of the records related to suspected financial exploitation to a law enforcement agency.
Also, designated the records provided to a law enforcement agency as confidential.
Legislative History
On Apr. 8, 2025, bill introduced into Senate; on Jun. 2, 2025, bill passed the Senate. On Apr. 8, 2025, bill introduced into House; on May 29, 2025, bill passed the House.
On Jun. 9, 2025, bill was signed by the governor, assigned Public Law, Chapter 215.
Effectiveness
Ch. 215 becomes law 90 days after end of legislative session in which it was passed.
Legislature adjourned sine die Jun. 25, 2025, so becomes effective on Sep. 23, 2025.
