CORPORATIONS – Adds to existing law to establish provisions regarding the protection of vulnerable adults from financial exploitation.
Idaho's H 182 creates new rules to protect vulnerable adults from financial exploitation. It requires financial institutions, broker-dealers, and investment advisers (called "reporting persons") to report suspected exploitation to Idaho's Commission on Aging or Department of Finance. These professionals can also temporarily block suspicious transactions for up to 30 days while notifying authorized parties, with strict confidentiality rules. The law applies to adults 65+ or those with mental/physical impairments affecting their financial decision-making. It shields good-faith reporters from legal liability, except in cases of proven malicious intent.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 10, 2025
Last action Feb 11, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Feb 11, 2025
Committee
Reported Printed and Referred to Business
lower
Feb 10, 2025
Introduced
Introduced, read first time, referred to JRA for Printing
lower
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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