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

H 4749 establishes a 13-member commission to study financial abuse of Massachusetts elders aged 60+ and develop policy recommendations. The commission includes representatives from both legislative chambers, elder advocacy groups, Councils on Aging, real estate associations, and financial institutions like banks and credit unions. It will specifically examine abusive lending practices, exploitative property transfers, and scams targeting seniors through telemarketing or online channels. The commission must submit a final report with policy proposals to relevant legislative committees by December 31, 2026. This bill creates a study body but does not enact new laws or funding.