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Relating to abuse prevention; and declaring an emergency.

It became law on Jun 22, 2017.

OR HB 2622 · House Bill · 2017 Regular Session

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.

Read the full text

Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Jun 22, 2017

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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.

Work with this bill

Relating to abuse prevention; and declaring an emergency. | 52