Tennessee Elderly and Vulnerable Adult Financial Exploitation Protection Act

Get tools and resources to help banks expand housing access, support communities, and advance stability and homeownership.

Explore Now

Trusted Contact & Transaction Hold Protections for Vulnerable Adults

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

About the Legislation:

Allows banks, if financial exploitation of an elderly or vulnerable adult customer is suspected, to: (1) hold/delay transactions; notify close family members or those who are identified as trusted contacted; and (3) refuse to accept acknowledged powers of attorney

State Association Contact

Amy Heaslet, EVP/General Counsel

Tennessee Elderly and Vulnerable Adult Financial Exploitation Protection Act

About the Legislation:

State Association Contact

Our Experts