AZ SB1263

Establishes mandatory reporting requirements for financial institutions when officers or employees suspect financial abuse directed at people age 62 or older.

Requires reports to be made to local law enforcement immediately by telephone and in writing within five business days when an employee has direct contact with the elder or reviews their financial documents and observes or suspects financial abuse.

Provides civil and criminal immunity to financial institutions and their employees who make good faith reports of suspected elder financial abuse and to those participating in related judicial proceedings.