NY S02337

Requires physicians, nurses, social workers, law enforcement, lawyers, accountants, and banking institutions to report suspected financial exploitation of persons aged 62 or older to local social services officials.

Mandates that reports be made when professionals have reasonable cause to suspect financial exploitation as defined in Social Services Law section 473(6)(g).

Directs the Commissioner of Children and Family Services to promulgate rules for processing reports, conducting investigations, and protecting elderly victims, including notifying district attorneys and law enforcement of illegal conduct.

Provides liability protection for banking organizations that report suspected abuse or mistreatment of persons aged 62 or older to the Office for the Aging or designated agencies in good faith.

Repeals the existing Title 13 of Article 5 of the Social Services Law (state heating fuel crisis assistance) and replaces it with provisions on reporting financial exploitation of the elderly; takes effect 270 days after enactment.