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  1. Bama Politics
  2. Alabama
  3. Alabama House & Senate Bills
  4. 2021 Alabama Legislative Regular Session
  5. 2021 Alabama Senate Bills
  6. SB181 Alabama 2021 Session

SB181 Alabama 2021 Session

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Passed (Not Signed)
Contents hide
  • 1 Bill Summary
  • 2 Bill Actions
  • 3 Bill Calendar
  • 4 Bill Text
  • 5 Bill Votes
  • 6 Bill Documents

Bill Summary

Sponsors
  • Shay Shelnutt
  • Steve Livingston
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

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.

Subjects
Financial Institutions

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

Download SB181 Alabama 2021 Session PDF

Bill Votes

Motion to Read a Third Time and Pass Roll Call 215
2021-02-25
Chamber: House
Result: Passed
HBIR: Blackshear motion to Adopt Roll Call 214
2021-02-25
Chamber: House
Result: Passed
Motion to Read a Third Time and Pass Roll Call 215
2021-02-11
Chamber: Senate
Result: Passed
SBIR: Shelnutt motion to Adopt Roll Call 214
2021-02-11
Chamber: Senate
Result: Passed

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
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