Bill > SB221

This bill enacts the "Financial Crimes Against Elderly, Disabled or Vulnerable Adults Act," which creates the crimes of financial exploitation of elderly, disabled, or vulnerable adults and unlawful use of a power of attorney. The bill defines key terms like "fiduciary relationship," "undue influence," and "vulnerable adult." It provides penalties for financial exploitation, including third-degree felonies for first offenses and second-degree felonies for second or subsequent offenses. The bill also allows for restitution to victims and gives state and local law enforcement agencies concurrent jurisdiction to investigate these financial crimes. The overall goal is to protect elderly, disabled, and vulnerable adults from financial exploitation.

Health and Social Services, Justice

https://www.nmlegis.gov/lcs/legislation.aspx?chamber=S&legtype=B&legno=221&year=21