SB369

Nevada SB369 revises financial institution regulations to protect older and vulnerable persons from financial exploitation.

Nevada SB369 amends existing law to enhance protections for older and vulnerable persons from financial exploitation. Financial institutions, credit unions, savings banks, and thrift companies must require account holders to designate an emergency financial contact before opening certain accounts. These institutions must also report suspected exploitation to designated authorities and may temporarily delay certain financial transactions. The bill defines "covered accounts" and "covered transactions," and establishes procedures for handling such reports and delays.