HB207 Alabama 2020 Session
Bill Summary
This bill would allow a financial institution to refuse or delay a financial transaction on an account of an elderly or vulnerable adult, on an account on which an elderly or vulnerable adult is a beneficiary, or on an account of a person suspected of perpetrating financial exploitation when a financial institution has reasonable cause to suspect that financial exploitation may have occurred, may have been attempted, or is being attempted
This bill would also allow a financial institution to offer to an elderly or vulnerable adult the opportunity to submit and periodically update a list of persons that may be contacted when the financial institution has reasonable cause to suspect that financial exploitation may have occurred, may have been attempted, or is being attempted
Relating to the protection of elderly and vulnerable adults; to allow a financial institution to refuse or delay a financial transaction when the financial institution has reasonable cause to suspect that financial exploitation may have occurred, may have been attempted, or is being attempted; to allow a financial institution to offer to an elderly or vulnerable adult the opportunity to submit and periodically update a list of persons that may be contacted when the financial institution has reasonable cause to suspect that financial exploitation may have occurred or been attempted; and to provide immunity to a financial institution or an officer or employee of a financial institution for certain actions taken.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 5, 2020 | S | Pending third reading on day 13 Favorable from Banking and Insurance |
| March 5, 2020 | S | Read for the first time and referred to the Senate committee on Banking and Insurance |
| March 12, 2020 | S | Read for the second time and placed on the calendar |
| March 3, 2020 | H | Motion to Read a Third Time and Pass adopted Roll Call 165 |
| March 3, 2020 | H | Third Reading Passed |
| February 20, 2020 | H | Read for the second time and placed on the calendar |
| February 11, 2020 | H | Read for the first time and referred to the House of Representatives committee on Financial Services |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | March 11, 2020 | Room 320 **Two Bills Taken off the Agenda** at 14:30 | Senate B&I Hearing |
| Hearing | March 11, 2020 | Room 320 at 14:30 | Senate B&I Hearing |
| Hearing | February 19, 2020 | Room 617 at 09:00 | House FS Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB207 Alabama 2020 Session - Introduced |