MD SB753

Fiduciary institutions (banks, credit unions, savings and loans) may delay or deny disbursements from accounts of eligible adults—Maryland residents aged 65+ or vulnerable adults—when they reasonably believe the transaction may result in financial exploitation

Institutions must notify Adult Protective Services, law enforcement, or a State's Attorney within 4 business days of delaying/denying a disbursement, and must send written notice to authorized account parties (excluding suspected exploiters)

Disbursement delays expire after 15 business days but may be extended to 25 business days by authorities or the institution itself; Adult Protective Services, law enforcement, State's Attorneys, or courts may terminate or further extend delays

Institutions must provide relevant financial records—including historical and recent transaction records—to Adult Protective Services, law enforcement, or State's Attorneys as part of referrals or upon request

Fiduciary institutions acting in good faith with reasonable care receive immunity from administrative and civil liability for notices given and disbursements delayed or denied under this section; effective October 1, 2026