ME LD1445

Authorizes Maine financial institutions and credit unions to delay disbursements from accounts of eligible adults (age 65+ or those protected under Adult Protective Services Act) for up to 15 business days when they reasonably believe the transaction may result in financial exploitation

Requires institutions that delay a disbursement to notify the account holder, authorized parties, and the Office of the Attorney General within 2 business days, and to report internal review results to the Attorney General within 7 business days

Permits financial institutions to develop written policies allowing customers to designate a "trusted contact person" who can be contacted about possible financial exploitation, contact information changes, or health status

Grants immunity from administrative and civil liability to financial institutions that take good-faith actions under this law, including delaying transactions or reporting suspected exploitation

Allows disclosure of relevant financial records to the Attorney General and law enforcement agencies when investigating suspected financial exploitation of individuals age 62 or older