Bill
Bill > S07515
NY S07515
NY S07515Requires 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
11/10/2021
11/10/2021
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 employees of financial institutions, to report suspected financial exploitation of elderly, vulnerable elderly, incompetent or physically disabled, or incapacitated persons. It also requires financial institutions to provide training on identifying scams and financial exploitation, and allows them to refuse to complete transactions or place holds on accounts if they suspect financial exploitation. The bill establishes a fine for willfully failing to report suspected financial exploitation.
Committee Categories
Health and Social Services
Sponsors (1)
Last Action
REFERRED TO AGING (on 01/05/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/S7515 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S07515&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S07515 |
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