Bill
Bill > A08145
NY A08145
NY A08145Requires certain people to report suspected financial exploitation of an elderly, vulnerable elderly, incompetent or physically disabled, or incapacitated person; requires certain people to receive training on identifying scams and other forms of financial exploitation; establishes a fine for willfully failing to report suspected financial exploitation.
summary
Introduced
07/07/2021
07/07/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
Requires certain people to report suspected financial exploitation of an elderly, vulnerable elderly, incompetent or physically disabled, or incapacitated person; requires certain people to receive training on identifying scams and other forms of financial exploitation; establishes a fine for willfully failing to report suspected financial exploitation.
AI Summary
This bill requires certain individuals, such as certified public accountants, attorneys, tax preparers, and financial institution employees, to report suspected financial exploitation of elderly, vulnerable elderly, incompetent or physically disabled, or incapacitated persons. It defines "financial exploitation" and sets forth the reporting requirements, including training for financial institution staff on identifying scams and exploitation. The bill also provides immunity from liability for those who report in good faith and establishes a fine for willfully failing to report suspected financial exploitation.
Committee Categories
Business and Industry
Sponsors (5)
Last Action
referred to consumer affairs and protection (on 01/05/2022)
Official Document
bill text
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