- Introduced -

SB 576 - This act provides financial protection for the elderly. Language is added defining "elderly fiduciary" as a person who acts as a representative for an elderly person in specific ways. "Person in a position of trust", is also defined as a person who has the responsibility for certain financial functions of the elderly individual.

This act also creates two new sections. Section 660.282 describes specific ways that an elderly fiduciary in a position of trust can commit financial exploitation of the elderly. If the exploitation involves $150.00 or less, it is a Class A misdemeanor, resulting in up to one year in jail. If the act involves over $150.00 it is a Class D felony, resulting one year or more in jail. Section 660.284 allows a person to report financial exploitation to the Department of Social Services when there is reasonable cause to believe it has occurred. With the exception of the person committing the violation, any person who makes a report will be immune from any civil or criminal liability for doing so.

This act is substantially similar to SB 398 and SB 376 (1999).

ERIN MOTLEY