HB 1640: DCCA; AG; DHS; COUNTY PROSECUTING ATTORNEYS; FINANCIAL INSTITUTIONS; FINANCIAL EXPLOITATION; TRANSACTION DELAYS; FREEZES
- Session Year: 2025-2026
- House: House
- Latest Version Date: 2026-01-20
Current Status:
In Progress
(2026-02-05: The committee(s) on CPC recommend(s) that the measure be deferred.)
Introduced
In Committee
First Chamber
In Committee
Second Chamber
Final Decking
Enacted
Version:
Requires financial institutions to establish policies for identifying financial exploitation and the training of employees. Establishes procedures for reporting suspected financial exploitation. Requires financial institutions to delay transactions, and allows freezes on assets, when there is suspected financial exploitation. Provides immunity from liability for financial institutions for any action, determination, omission, or practice related to this Act.
Discussed in Hearing
1MINFeb 5, 2026
House Standing Committee on Consumer Protection & Commerce
1MINFeb 5, 2026