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ABA: The American Bankers Association
State Law

Tennessee Elderly and Vulnerable Adult Financial Exploitation Protection Act

Trusted Contact & Transaction Hold Protections for Vulnerable Adults

Status: Passed State: Tennessee Tags: Transaction Controls, Vulnerable Populations

About the Legislation:

Allows banks, if financial exploitation of an elderly or vulnerable adult customer is suspected, to: (1) hold/delay transactions; notify close family members or those who are identified as trusted contacted; and (3) refuse to accept acknowledged powers of attorney

Read the Legislation

State Association Contact

Amy Heaslet, EVP/General Counsel

 Any updates or new legislation should be sent to [email protected].

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