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MD SB466

Bill

Status

Engrossed

3/17/2025

Primary Sponsor

William Smith

Click for details

Origin

Senate

2025 Regular Session

AI Summary

  • 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

  • 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+

  • 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

  • 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

  • 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

Committee Referrals

Judiciary3/17/2025
Judicial Proceedings1/22/2025

Full Bill Text

No bill text available