SB86 protects eligible adults from financial exploitation by allowing financial institutions to delay or refuse certain transactions.

SB86 aims to safeguard eligible adults from financial exploitation by authorizing depository institutions, broker-dealers, and investment advisers to delay or refuse certain transactions if they suspect exploitation. Eligible adults include those aged 65 and older or those with substantial mental or functional impairments. Financial institutions may notify designated state agencies and associated third parties, such as family members or guardians, of suspected exploitation.

SB86 protects eligible adults from financial exploitation by allowing financial institutions to delay or refuse certain transactions.

SB86 aims to safeguard eligible adults from financial exploitation by authorizing depository institutions, broker-dealers, and investment advisers to delay or refuse certain transactions if they suspect exploitation. Eligible adults include those aged 65 and older or those with substantial mental or functional impairments. Financial institutions may notify designated state agencies and associated third parties, such as family members or guardians, of suspected exploitation.