ID H0182

Authorizes broker-dealers, investment advisers, and financial institutions to report suspected financial exploitation of adults 65+ or adults 18+ with mental/physical impairments to the Idaho Commission on Aging, Department of Finance, or associated third parties

Permits reporting persons to place temporary holds on suspicious transactions for up to 15 business days, extendable to 30 business days if internal review supports reasonable belief of exploitation

Requires notification of temporary holds to authorized account parties within 2 business days, but prohibits notification to anyone reasonably suspected of the exploitation

Grants reporting persons immunity from administrative and civil liability for good-faith disclosures, temporary holds, or records access, unless bad faith with intent to harm is proven by clear and convincing evidence

Effective July 1, 2025, with an emergency clause declaration