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2024 SESSION
HB 692 Financial institutions; reporting financial exploitation of elderly or vulnerable adults.
Introduced by: Michelle Lopes Maldonado | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Financial institutions; reporting financial exploitation of elderly or vulnerable adults. Permits a financial institution to allow an elderly or vulnerable adult, as defined in the bill, to submit and periodically update a list of trusted persons whom such financial institution or financial institution staff, as defined in the bill, may contact in the case of the suspected financial exploitation of such adult. The bill also permits a financial institution to conduct a training to instruct its staff on how to identify and report the suspected financial exploitation of an elderly or vulnerable adult internally at such financial institution, to a designated trusted contact, and to various other authorities. The bill directs the Bureau of Financial Institutions of the State Corporation Commission to develop and publish guidelines for such training by January 1, 2026. The bill provides that no financial institution staff that have received such training shall be liable in any civil or administrative proceeding for disclosing the suspected financial exploitation of an elderly or vulnerable adult pursuant to the bill's provisions if such disclosure was made in good faith and with reasonable care. The bill provides that no financial institution that has provided such training shall be liable for any such disclosure by financial institution staff. This bill is identical to SB 174.
FULL TEXT
- 01/09/24 House: Prefiled and ordered printed; offered 01/10/24 24104983D pdf
- 01/25/24 House: Committee substitute printed 24105750D-H1 pdf | impact statement
- 02/29/24 House: Bill text as passed House and Senate (HB692ER) pdf | impact statement
- 02/29/24 House: Bill text as passed House and Senate reprinted (HB692ER) pdf | impact statement
- 04/05/24 Governor: Acts of Assembly Chapter text (CHAP0530) pdf
AMENDMENTS
- House subcommittee amendments and substitutes offered
- House subcommittee amendments and substitutes adopted
- Senate committee, floor amendments and substitutes offered
- Senate amendments
- Senate amendments engrossed
HISTORY
- 01/09/24 House: Prefiled and ordered printed; offered 01/10/24 24104983D
- 01/09/24 House: Referred to Committee on Labor and Commerce
- 01/16/24 House: Assigned L & C sub: Subcommittee #1
- 01/23/24 House: Subcommittee recommends reporting with substitute (7-Y 0-N)
- 01/25/24 House: Reported from Labor and Commerce with substitute (21-Y 0-N)
- 01/25/24 House: Committee substitute printed 24105750D-H1
- 01/29/24 House: Read first time
- 01/30/24 House: Read second time
- 01/30/24 House: Committee substitute agreed to 24105750D-H1
- 01/30/24 House: Engrossed by House - committee substitute HB692H1
- 01/31/24 House: Read third time and passed House BLOCK VOTE (100-Y 0-N)
- 01/31/24 House: VOTE: Block Vote Passage (100-Y 0-N)
- 02/01/24 Senate: Constitutional reading dispensed
- 02/01/24 Senate: Referred to Committee on Commerce and Labor
- 02/19/24 Senate: Reported from Commerce and Labor with amendment (15-Y 0-N)
- 02/21/24 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/22/24 Senate: Read third time
- 02/22/24 Senate: Reading of amendment waived
- 02/22/24 Senate: Committee amendment agreed to
- 02/22/24 Senate: Reading of amendment waived
- 02/22/24 Senate: Amendment by Senator Favola agreed to
- 02/22/24 Senate: Engrossed by Senate as amended
- 02/22/24 Senate: Passed Senate with amendments (40-Y 0-N)
- 02/26/24 House: Senate amendments agreed to by House (96-Y 0-N)
- 02/26/24 House: VOTE: Adoption (96-Y 0-N)
- 02/29/24 House: Enrolled
- 02/29/24 House: Bill text as passed House and Senate (HB692ER)
- 02/29/24 House: Bill text as passed House and Senate reprinted (HB692ER)
- 02/29/24 House: Signed by Speaker
- 03/03/24 Senate: Signed by President
- 03/11/24 House: Enrolled Bill communicated to Governor on March 11, 2024
- 03/11/24 Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024
- 04/05/24 Governor: Approved by Governor-Chapter 530 (effective 7/1/24)
- 04/05/24 Governor: Acts of Assembly Chapter text (CHAP0530)