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ABA: The American Bankers Association
State Law

Maryland HB1008: Vulnerable Adult Banking Protection Act

Transaction Holds & Trusted Contacts for the Protection of Seniors and Vulnerable Adults (Vulnerable Adult Banking Protection Act)

Status: Passed State: Maryland Tags: Transaction Controls, Vulnerable Populations

About the Legislation:

Authorizing a fiduciary institution, under certain circumstances, to delay or deny a disbursement from the account of a certain individual or the account on which a certain individual is a beneficiary; requiring a fiduciary institution, under certain circumstances, to provide certain financial records to certain entities; authorizing a fiduciary institution, under certain circumstances, to contact certain individuals; and providing certain fiduciary institutions immunity from certain liability.

Read the Legislation

Any updates or new legislation should be sent to fraud@aba.com.

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