Introduced
by
To allow bank and financial institution officials who in good faith and with good cause suspect that financial exploitation is being committed to delay the disbursement of funds from the account of an individual who is age 65 or older, or under some form of court-ordered protection or guardianship. The bill would require notice be given to specified officials and family members. The delay would expire in 15 days unless the bank determines the disbursement is legitimate, or a court orders the hold to be extended.
Referred to the Committee on Law and Justice
