NJ S3421

Requires financial institutions to release customer financial records to county adult protective services providers when suspecting fraud against senior customers (60+ years) or vulnerable customers (adults with physical/mental impairments affecting financial decision-making).

Authorizes financial institutions to delay suspicious transactions for up to 15 business days (extendable to 25 days with agency request) when a qualified employee reasonably believes financial exploitation may occur.

Mandates that financial institutions notify the Department of Banking and Insurance and county adult protective services within two business days of delaying any transaction.

Requires financial institutions to provide employee training on recognizing financial exploitation indicators within 45 days of the bill's passage, with new employees trained within their first three months.

Grants civil and administrative immunity to financial institutions that delay transactions in good faith while exercising reasonable care under this law.