HB207 Alabama 2020 Session
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Bill Summary
Sponsors
Session
Regular Session 2020
Title
Financial institutions, authorized to refuse to execute or delay execution of certain financial transactions involving account of an elderly or vulnerable adult
Description
<p class="bill_description"> 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</p><p class="bill_description">
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</p><p class="bill_entitled_an_act"> 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.
</p>
Subjects
Financial Institutions
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 |