Requires, or authorizes, as appropriate, financial institutions to take certain action upon certain financial transactions made by vulnerable or senior customer.
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill requires New Jersey financial institutions, such as banks and credit unions, to take specific actions when they suspect financial exploitation of vulnerable or senior customers. It mandates the release of financial records to county adult protective services providers and law enforcement agencies under certain circumstances, and allows financial institutions to temporarily delay transactions if they believe exploitation is occurring. The bill also mandates employee training for financial institutions on recognizing and preventing financial exploitation.
Bill text
Read the latest version inline or switch to a previous version.
Document of record
- Version
- Introduced
- Published
- Not published in the source record
This version is published only as a document. Open the viewer to read it here, or download the file.
Sponsors
Official sponsors from legislative records.
1 on record
Primary sponsor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours