Bill > SB189

This bill, the Financial Exploitation Act, creates new reporting requirements, allows for the delay of suspect transactions, and establishes training requirements for financial institutions to identify and address the financial exploitation of eligible adults. The bill defines key terms like "eligible adult," "financial exploitation," and "trusted person," and provides civil remedies, including the ability to return property, stop transactions, and seek compensatory damages. The bill also grants immunity to financial institutions and qualified individuals who report or delay transactions in good faith.

Budget and Finance, Justice

https://www.nmlegis.gov/lcs/legislation.aspx?chamber=S&legtype=B&legno=189&year=21