2019 Senate Bill 465 / 2020 Public Act 345

Authorize more financial abuse safeguards in financial institutions

Introduced in the Senate

Aug. 28, 2019

Introduced by Sen. Pete Lucido (R-8)

To allow an adult protective services agency to inform a financial institution of the status of investigation triggered by an elder financial abuse report from the financial institution. See also Senate Bill 464.

Referred to the Committee on Insurance and Banking

Dec. 3, 2020

Reported without amendment

With the recommendation that the bill pass.

Dec. 9, 2020

Passed in the Senate 37 to 0 (details)

Received in the House

Dec. 10, 2020

Referred to the Committee on Judiciary

Dec. 15, 2020

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Dec. 17, 2020

Passed in the House 103 to 2 (details)

To allow an adult protective services agency to inform a financial institution of the status of investigation triggered by an elder financial abuse report from the financial institution. See also Senate Bill 464.

Signed by Gov. Gretchen Whitmer

Dec. 30, 2020