IL HB4767

Expands mandated reporters under the Adult Protective Services Act to include investment advisers, investment adviser representatives, dealers, salespersons, and financial institution employees who have direct client contact and access to financial information

Authorizes financial institutions to place transactional holds on eligible adults' accounts when employees reasonably suspect a transaction may involve, facilitate, or contribute to financial exploitation

Establishes requirements for transactional holds including internal review procedures, notification to law enforcement, duration limits for initial and extended holds, and mandatory internal policies for identifying and reporting financial exploitation

Provides civil immunity protection for financial institutions and employees who place transactional holds in good faith on eligible adults' accounts

Requires mandated reporter training for specified financial institution employees and takes effect January 1, 2027