MA H4749

Establishes a special commission to study and draft policies to combat financial abuse of elders in Massachusetts

Commission membership includes 6 legislators (3 House, 3 Senate), 2 elder/estate law attorneys, representatives from elder advocacy groups, Councils on Aging, real estate industry, financial services industry, Massachusetts Bankers Association, and Cooperative Credit Union Association

Required study areas include: economic impact of financial abuse on those over 60, predatory lending practices targeting seniors, exploitative property transfers from dependent elders, and telemarketing/internet fraud schemes

Commission must file a report with policy recommendations to the clerks of both chambers and chairs of the Joint Committees on Aging and Independence and Financial Services by December 31, 2026