NC H956

Requires financial institutions and payment card processors to report to social services and designated contacts when a disabled adult or older adult (65+) exhibits financially harmful behavior patterns or ceases communication for six months

Prohibits covered entities from charging late fees or penalties to these adults during the period from when harmful behavior was first observed until a report is filed

Prohibits charging interest on loans or credit extended to disabled or older adults during the protected reporting period

Establishes alternative trigger dates for protection based on cognitive impairment diagnosis or admission to adult care home cognitive care

Effective October 1, 2025, applying to late fees, penalties, and interest charged on or after that date