Massachusetts S741 aims to protect seniors and adults with disabilities from financial exploitation.

Massachusetts S741, titled "An Act protecting seniors and adults with disabilities from financial exploitation," establishes measures to safeguard eligible adults from financial exploitation. The bill defines "eligible adult" as a person 60 years of age or older or a disabled person. It requires qualified individuals, such as bank employees or investment advisers, to notify the Secretary and relevant agencies if they suspect financial exploitation. Financial institutions can delay transactions if there is reasonable cause to believe they may result in exploitation.

Massachusetts S741 aims to protect seniors and adults with disabilities from financial exploitation.

Massachusetts S741, titled "An Act protecting seniors and adults with disabilities from financial exploitation," establishes measures to safeguard eligible adults from financial exploitation. The bill defines "eligible adult" as a person 60 years of age or older or a disabled person. It requires qualified individuals, such as bank employees or investment advisers, to notify the Secretary and relevant agencies if they suspect financial exploitation. Financial institutions can delay transactions if there is reasonable cause to believe they may result in exploitation.