SB181 Alabama 2021 Session
Signed by Governor
Bill Summary
Sponsors
Session
Regular Session 2021
Title
Financial institutions, authorized to refuse to execute or delay execution of certain financial transactions involving account of an elderly or vulnerable adult when financial exploitation may have occurred, may have been attempted, or is being attempted
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 2, 2021 | S | Assigned Act No. 2021-78. |
| March 2, 2021 | H | Signature Requested |
| March 2, 2021 | S | Enrolled |
| March 2, 2021 | S | Passed Second House |
| February 25, 2021 | H | Motion to Read a Third Time and Pass adopted Roll Call 215 |
| February 25, 2021 | H | Third Reading Passed |
| February 23, 2021 | H | Read for the second time and placed on the calendar |
| February 11, 2021 | H | Read for the first time and referred to the House of Representatives committee on Financial Services |
| February 11, 2021 | S | Motion to Read a Third Time and Pass adopted Roll Call 215 |
| February 11, 2021 | S | Third Reading Passed |
| February 10, 2021 | S | Read for the second time and placed on the calendar |
| February 3, 2021 | S | Read for the first time and referred to the Senate committee on Banking and Insurance |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | February 23, 2021 | Room 617 at 11:00 | House FS Hearing |
| Hearing | February 10, 2021 | Room 325 **Added a bill** at 13:00 | Senate B&I Hearing |
| Hearing | February 10, 2021 | Room 325 at 13:00 | Senate B&I Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB181 Alabama 2021 Session - Introduced |
| Bill Text | SB181 Alabama 2021 Session - Enrolled |
| Fiscal Note | Fiscal Note - SB181 for Banking and Insurance |
| Fiscal Note | Fiscal Note - SB181 for Financial Services |