South Carolina S0851 protects eligible adults from financial exploitation by allowing financial institutions to take certain actions.

South Carolina S0851 adds provisions to protect eligible adults from financial exploitation. Eligible adults include those aged 55 or older or vulnerable adults. Financial institutions can decline or hold transactions if they suspect exploitation. Institutions can also provide limited information to authorized contacts of the eligible adult. Financial institutions are immune from liability for actions taken in good faith under this law.

South Carolina S0851 protects eligible adults from financial exploitation by allowing financial institutions to take certain actions.

South Carolina S0851 adds provisions to protect eligible adults from financial exploitation. Eligible adults include those aged 55 or older or vulnerable adults. Financial institutions can decline or hold transactions if they suspect exploitation. Institutions can also provide limited information to authorized contacts of the eligible adult. Financial institutions are immune from liability for actions taken in good faith under this law.