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AL SB427
Bill
Status
3/20/2012
Primary Sponsor
Tammy Irons
Click for details
AI Summary
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Authorizes officers, trustees, and employees of financial institutions (banks, savings and loan associations, credit unions) to report suspected financial exploitation of elderly or disabled adults to law enforcement agencies.
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Permits reporting when financial institution staff have reasonable cause to believe a protected person has been subjected to financial exploitation.
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Provides civil liability immunity for good faith reports, unless the officer, trustee, or employee's actions constituted willful or wanton misconduct.
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Becomes effective on the first day of the third month following passage and gubernatorial approval.
Legislative Description
Elder abuse, financial institutions, officer, trustee, or employee of financial institutions may report financial exploitation of the elderly.
Elder Abuse
Last Action
Read for the first time and referred to the Senate committee on Banking and Insurance
3/20/2012