protect financial institutions taking action to prevent the financial exploitation of consenting, senior, or vulnerable adults.

Added new definitions for 'account,' 'consenting adult,' 'financial exploitation,' 'financial institution,' 'senior adult,' 'transaction,' and 'vulnerable adult' to establish clear criteria for who and what is protected under the law.

Granted financial institutions the authority to delay or refuse transactions, prevent ownership changes, block transfers to other accounts, and refuse to comply with power of attorney instructions when financial exploitation is reasonably suspected.

Added provisions allowing financial institutions to notify third parties (family members, authorized contacts, account co-owners) about suspected exploitation, with exceptions for when the third party may be involved in the exploitation or when law enforcement requests confidentiality.

Clarified that financial institutions are not required to act on exploitation allegations but may use discretion based on available information when deciding whether to intervene.