An Act establishing a commission to study the financial abuse of elders

This bill establishes a special commission in Massachusetts to study and develop policies against the financial abuse of people over the age of 60. The commission will be composed of legislators, legal experts, advocates for the elderly, representatives from the real estate and financial industries, and staff from aging councils. Its specific tasks include investigating how financial abuse impacts seniors, reviewing predatory lending practices, examining undervalued property transfers, and analyzing deceptive telemarketing or online scams targeting older adults. The group is required to submit a final report with policy recommendations to state officials by December 31, 2021.