- Stage
- Became law
- Started in
- House
- Latest action
- Jun 22, 2017
What it does
Authorizes financial institution to refuse certain financial transactions when financial institution reasonably believes financial exploitation of vulnerable person may have occurred, may have been attempted or is being attempted. Requires financial institution to provide notice of action or refusal to act to parties authorized to transact business on account of vulnerable person. Provides that authority of financial institution is in addition to and not in lieu of right of financial institution under deposit or other contract with customer. Becomes operative October 1, 2017. Declares emergency, effective on passage.
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
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Where it goes next
It is law in Oregon. What happens now is up to the agency that carries it out, the courts, and the place itself.