Bill > SB2164

This bill amends Section 6-08.1-03 of the North Dakota Century Code to expand the circumstances under which a financial institution can disclose customer information. Specifically, the bill adds the North Dakota Protection and Advocacy Project (a state agency that advocates for people with disabilities) to the list of entities to which a financial institution can report suspected financial exploitation of an eligible adult, alongside existing provisions for reporting to law enforcement and the department of health and human services. The bill clarifies that this new provision does not create a mandatory duty for financial institutions to investigate or report suspected financial exploitation, but rather provides them with the option to do so. This change aims to enhance protection for vulnerable adults by allowing financial institutions to share information about potential financial abuse with an additional advocacy organization, while maintaining the institution's discretion in reporting such incidents.

Government Affairs

https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo2164.html