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MD SB466
Bill
Status
3/17/2025
Primary Sponsor
William Smith
Click for details
AI Summary
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Prohibits caregivers, family members, or household members from knowingly obtaining property of vulnerable adults or individuals aged 68+ with intent to deprive them of that property
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Establishes tiered felony penalties based on property value: up to 5 years/$10,000 fine for $1,500-$25,000; up to 10 years/$15,000 fine for $25,000-$100,000; up to 20 years/$25,000 fine for $100,000+
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Requires convicted defendants to restore stolen property or its value to the victim or victim's estate, with disqualification from inheriting from the victim's estate if restitution is not made
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Authorizes the Senior and Vulnerable Adult Asset Recovery Unit and the Commissioner of the Division of Securities to bring civil actions on behalf of victims without requiring a criminal conviction
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Effective October 1, 2025
Legislative Description
Criminal Law - Financial Exploitation of Vulnerable and Senior Adults
Crimes and Punishments
Last Action
Hearing 3/25 at 1:00 p.m.
3/19/2025