MD HB1008

Fiduciary institutions may delay or deny disbursements from accounts of eligible adults (residents age 65+ or vulnerable adults) when there is reasonable belief the transaction may result in financial exploitation

Within 4 business days of delaying/denying a disbursement, institutions must send written notice to authorized account parties and notify Adult Protective Services, law enforcement, or a State's Attorney

Disbursement delays expire after 15 business days, but may be extended up to 25 business days by authorities or the institution; courts may further terminate or extend delays

Institutions must provide relevant financial records to Adult Protective Services, law enforcement, or State's Attorneys as part of referrals or upon request, and these records are exempt from public records laws

Fiduciary institutions acting in good faith with reasonable care receive immunity from administrative and civil liability for providing notices or delaying/denying disbursements under this section