SENIORS' FRAUD PROTECTION ACT.

View NCGA Bill Details2017-2018 Session
House Bill 862 (Public) Filed Thursday, April 20, 2017
AN ACT TO REQUIRE THE ATTORNEY GENERAL TO OPERATE AND MAINTAIN A DATABASE THAT CAN BE USED TO INVESTIGATE POTENTIAL FINANCIAL EXPLOITATION OF SENIORS AND DISABLED ADULTS AND TO REQUIRE THAT FINANCIAL INSTITUTIONS REPORT POTENTIAL FINANCIAL EXPLOITATION OF OLDER ADULTS TO THE ATTORNEY GENERAL.
Intro. by Hanes, Lambeth, Howard, Insko.

Status: Ref To Com On Appropriations (House Action) (Apr 21 2017)

Bill History:

H 862

Bill Summaries:

  • Summary date: Apr 20 2017 - More information

    Effective July 1, 2017, enacts new GS 114-8.8, Older adult exploitation database, requiring the Attorney General to operate and maintain an internet-accessible database that collects reports made by financial institutions pursuant to GS 108A-115(a)(4). Requires the Attorney General to ensure that the database is accessible to various entities, agencies, and personnel. Provides that the contents of the database are not considered a public record, with procedures taken to protect the privacy of the contents. 

    Effective January 1, 2018, amends GS 108A-115, concerning the duty to report suspected fraud, adding the Attorney General to the list of individuals/entities to which financial institutions, officers, or employees must report instances of financial exploitation. Makes clarifying changes regarding the medium for reports required under GS 108A-115(a).

    Effective July 1, 2017, appropriates from the General Fund to the Department of Justice $75,000 for 2017-18 to establish the database created pursuant to this act.


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