SB 0398 Concerns financial exploitation of the elderly
LR Number:S1603.02C Fiscal Note:1603-02
Committee:Aging, Families and Mental Health
Last Action:05/14/99 - 003 S Calendar S Bills for Perfection w/SCS Journal page:
Title:SCS SBs 398 & 376
Effective Date:August 28, 1999
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Current Bill Summary

SCS/SBs 398 & 376 - This substitute combines SBs 398 and 376, both of which deal with financial exploitation of the elderly. This substitute creates the role of an "elderly fiduciary" and "person in a position of trust." It describes specific ways that an elderly fiduciary in a position of trust can commit financial exploitation of the elderly. If this act involves $150.00 or less, it is a Class A misdemeanor, which could result in up to one year in jail. If the act involves over $150.00, it is a Class D felony and could result in one year or more in jail. Any instance of financial exploitation may be reported to the Department of Social Services when there is reasonable cause to believe it has occurred.