WV SB617

Authorizes banks and financial institutions to delay, refuse, or prevent transactions for up to 15 business days when they suspect financial exploitation of an eligible adult (persons 65+ or adults 18+ with substantial mental/functional impairment)

Requires depository institutions that believe financial exploitation has occurred or is being attempted to promptly notify designated state agencies, including the WV Department of Human Services and the Attorney General

Permits banks to notify authorized third parties (co-owners, agents under power of attorney, guardians, or designated contacts) about suspected exploitation, unless that third party is believed to be involved in the exploitation

Provides civil, criminal, and administrative immunity to financial institutions and employees who act in good faith to delay transactions, make disclosures, or notify third parties, unless they had actual knowledge of exploitation and acted with malicious purpose or intent to further the exploitation

Defines financial exploitation as wrongful taking or use of an eligible adult's money, assets, or property, including through deception, intimidation, undue influence, or misuse of fiduciary powers