LA HB555

Expands the definition of "financial exploitation" to include scams, deceptive schemes, enticement, extortion, and impersonation of government officials that cause eligible adults to transfer money to strangers or imposters for promised benefits they never receive.

Adds fraud, false pretense, or misrepresentation for personal gain at the expense of an eligible adult to the definition of financial exploitation.

Increases the standard transaction delay period from 15 to 30 business days when a financial institution suspects financial exploitation of an eligible adult.

Extends the maximum delay period from 25 to 45 business days when a covered agency requests an extension of the transaction hold.