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NY A09275
Bill
Status
Introduced
2/10/2016
Primary Sponsor
Barbara Clark
Click for details
AI Summary
- Enacts the "Protect Vulnerable Adults from Financial Exploitation Act" to address financial exploitation of seniors and vulnerable adults in New York
- Defines "eligible adult" as persons age 60 or older, or those unable to manage their own resources due to mental or physical impairment
- Defines "financial exploitation" to include wrongful taking of money or assets, and acts of deception, intimidation, or undue influence using power of attorney or guardianship
- Requires reporting of suspected financial exploitation by qualified employees when they have reasonable belief such exploitation has been attempted or occurred
- Authorizes disclosure of information to third parties previously designated by an eligible adult in relation to suspected financial exploitation
Legislative Description
Enacts the "protect vulnerable adults from financial exploitation act"; mandates reporting when a qualified employee has a reasonable belief financial exploitation has been attempted or has occurred; authorizes disclosure to third parties when an eligible adult has previously designated the third party.
Last Action
enacting clause stricken
3/3/2016
Committee Referrals
Banks2/10/2016
Full Bill Text
No bill text available