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Bill Number: HF2614
Title: Financial Exploitation
Description:

This bill allows banks, brokers and investment advisors to report suspected financial exploitation of adults age 65 or older or dependent adults to the Insurance Commissioner or other appropriate party (and gives them civil immunity).  Prohibits reporting to a party that may be involved in the financial exploitation.  Allows a bank, broker, investment advisor to delay transactions if they suspect financial exploitation and does not allow notification of the person suspected of financial exploitation.  Requires training of banks, brokers, investment advisors and others that may encounter financial exploitation, and allows the Insurance commissioner to investigate complaints

Status: Senate & House Floors
Recent Action: 3/3 Passed House Commerce Committee (25-0)
Companion Bills: SF2397
Position
Tracking Only


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Last Modified: 06/15/2020
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