Kansas HB2591 allows financial institutions to report suspected financial exploitation of adults, notify trusted contacts, and temporarily hold.

Kansas HB2591 authorizes financial institutions to report suspected financial exploitation of adult account holders to designated agencies, notify trusted contacts designated by the account holder, and place temporary holds on certain transactions. It defines "financial exploitation" and limits liability for institutions taking these actions in good faith. The bill also enacts the Virtual Currency Kiosk Consumer Protection Act, providing definitions and requirements for operators.

Kansas HB2591 allows financial institutions to report suspected financial exploitation of adults, notify trusted contacts, and temporarily hold.

Kansas HB2591 authorizes financial institutions to report suspected financial exploitation of adult account holders to designated agencies, notify trusted contacts designated by the account holder, and place temporary holds on certain transactions. It defines "financial exploitation" and limits liability for institutions taking these actions in good faith. The bill also enacts the Virtual Currency Kiosk Consumer Protection Act, providing definitions and requirements for operators.