Bill > H772

This bill establishes a comprehensive commission to study and address financial abuse of elders in Massachusetts. The commission will be composed of 13 members, including three representatives each from the House and Senate (appointed by the Speaker, President, and Minority Leaders), two attorneys specializing in elder and estate law, a representative from an elder advocacy group, two representatives from Councils on Aging or elder protective services organizations, a representative from a real estate industry association, and a representative from a financial services association. The commission's specific research mandate includes examining the economic impact of financial abuse on individuals over 60, investigating lending and refinancing practices targeting seniors, studying exploitative property transfers, analyzing fraudulent schemes targeting elderly persons through various communication channels (such as telemarketing and internet), and exploring other forms of elder financial abuse. By December 31st, 2026, the commission is required to file a detailed report with policy recommendations to prevent and protect elders from financial exploitation, which will be submitted to the clerk of either legislative chamber and the Chairs of the Joint Committees on Elder Affairs and Financial Services.

Health and Social Services

https://malegislature.gov/Bills/194/H772