ID H0323

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

Reporting persons may 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

Notification of temporary holds must be provided to authorized account parties within 2 business days, except to anyone suspected of the exploitation

Reporting persons must provide relevant records to authorized agencies, adult protective services, and law enforcement investigating suspected exploitation

Good faith immunity from administrative and civil liability is granted to reporting persons, unless bad faith with specific intent to harm is proven by clear and convincing evidence; effective July 1, 2025