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  • Summary date: Apr 20 2017 - View Summary

    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.