This bill protects banks, credit unions, and other financial institutions from lawsuits when they take reasonable steps to prevent financial exploitation of seniors and vulnerable adults. Financial institutions can now respond to concerns about suspicious account activity—including stopping suspicious withdrawals or transfers—without fear of legal liability if they act in good faith to stop fraud, theft, or abuse of power of attorney.
This bill does not directly amend codified state law.
The bill's codification section number changed from 26.903.21 to 26.903.22, and the document format shifted from introduced bill with markup indicators to enrolled act format.
Signed by the Governor H.J. 562
Delivered to the Governor H.J. 546
Signed by the President S.J. 506
Signed by the Speaker H.J. 529
Senate Do Pass Passed, YEAS 34, NAYS 0. S.J. 461
Commerce and Energy Certified uncontested, placed on consent
Commerce and Energy Do Pass Passed, YEAS 8, NAYS 0.
Commerce and Energy Scheduled for hearing
First read in Senate and referred to Senate Commerce and Energy S.J. 272
House of Representatives Do Pass Passed, YEAS 56, NAYS 6. H.J. 321
Commerce and Energy Do Pass Passed, YEAS 11, NAYS 1.
Commerce and Energy Scheduled for hearing H.J. 1
First read in House and referred to House Commerce and Energy H.J. 176
Prime sponsor · Rep.
R
Prime sponsor · Sen.
R
Commerce and Energy — Do Pass
Do Pass
Commerce and Energy — Do Pass