Aged or incapacitated adults; financial exploitation, authority to refuse transactions. (SB1490)

Introduced By

Sen. Mark Obenshain (R-Harrisonburg)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Financial exploitation of aged or incapacitated adults; authority to refuse transactions or disbursements. Authorizes financial institution staff to refuse to execute a transaction, to delay a transaction, or to refuse to disburse funds if the financial institution staff (i) believes in good faith that the transaction or disbursement may involve, facilitate, result in, or contribute to the financial exploitation of an aged or incapacitated adult or (ii) makes, or has actual knowledge that another person has made, a report to the local department of social services or adult protective services hotline stating a good faith belief that the transaction or disbursement may involve, facilitate, result in, or contribute to the financial exploitation of an aged or incapacitated adult. Amends § 63.2-1606, of the Code of Virginia. Read the Bill »

Status

01/17/2019: Awaiting a Vote in the Rehabilitation and Social Services Committee

History

DateAction
01/08/2019Prefiled and ordered printed; offered 01/09/19 19104181D
01/08/2019Referred to Committee on Rehabilitation and Social Services
01/11/2019Impact statement from DPB (SB1490)
01/17/2019Assigned Rehab sub: Subcommittee #2

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