The Senate Judiciary Committee heard Sen. Young’s SB 345 on financial crimes against the elderly. The bill authorizes financial institutions to release customer records to law enforcement or adult protective agencies if an institution reasonably suspects illegal activity with an endangered adult customer’s account, and would confer immunity on the institution for making, or not making, a report. The bill also amends the exploitation of a dependent or endangered adult statute to authorize the sentencing court to order the convicted person to disgorge all or some of the property received from the endangered adult or dependent. The bill also urges the topic of adult protective services to be assigned to a summer study committee.
The Indiana Association of Area Agencies on Aging, the Indiana Prosecuting Attorneys Council, the Indiana Bankers Association, and the Indiana Credit Union League supported the bill, which the Committee passed 7-1.
Read the bill at http://iga.in.gov/legislative/2017/bills/senate/345