Illinois HB4767 amends the Adult Protective Services Act to expand the list of mandated reporters and establish transactional holds for eligible.
HB4767 amends the Adult Protective Services Act to include investment advisers, investment adviser representatives, dealers, and salespersons as mandated reporters. It allows financial institutions to place transactional holds on accounts of eligible adults if there is a reasonable suspicion of financial exploitation. The bill mandates reporter training for specified employees of financial institutions.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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