2017 Regular Session
|At the request of:||(at the request of House Interim Committee on Judiciary)|
|Bill Title:||Relating to abuse prevention; and declaring an emergency.|
Authorizes financial institution to refuse certain financial transactions when financial institution reasonably believes financial exploitation of vulnerable person may have occurred, may have been attempted or is being attempted.
Requires financial institution to provide notice of action or refusal to act to parties authorized to transact business on account of vulnerable person. Provides that authority of financial institution is in addition to and not in lieu of right of financial institution under deposit or other contract with customer. Becomes operative October 1, 2017. Declares emergency, effective on passage.
|Chapter Number:||Chapter 290|
|Fiscal Impact:||No Fiscal Impact|
|Revenue Impact:||No Revenue Impact|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||Chapter Number Assigned|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|