SB181 Alabama 2021 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 2, 2021 | S | Delivered to Governor at 2:56 p.m. on March 2, 2021 |
| 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 - Enrolled |
| Bill Text | SB181 Alabama 2021 Session - Introduced |
| Fiscal Note | Fiscal Note - SB181 for Banking and Insurance |
| Fiscal Note | Fiscal Note - SB181 for Financial Services |