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SB 95 - Establishes Penalties for Exploiting the Elderly or Disabled - Oregon Key Vote

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Title: Establishes Penalties for Exploiting the Elderly or Disabled

Signed by Governor Kate Brown


Title: Establishes Penalties for Exploiting the Elderly or Disabled

Title: Establishes Penalties for Exploiting the Elderly or Disabled

See How Your Politicians Voted

Title: Establishes Penalties for Exploiting the Elderly or Disabled

Vote Smart's Synopsis:

Vote to pass a bill that requires certain security professionals to report suspected financial exploitation of vulnerable individuals to the Department of Consumer and Business Services.

Highlights:

 

  • Establishes penalties and reporting procedures for financial exploitation of vulnerable individuals including the elderly and/or disabled (Secs. 1 - 3).

  • Requires a qualified individual who has reasonable cause to believe that financial exploitation of a vulnerable individual has occurred to submit a report to the Department of Consumer and Business Services (Sec. 3).

  • Specifies that a qualified individual is defined as a salesperson, investment advisor representative, or a person who serves in a supervisory, compliance, or legal capacity for a broker-dealer or state investment adviser (Sec. 2).

Full Bill Text

Title: Establishes Penalties for Exploiting the Elderly or Disabled

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