Signed by Governor Joseph Lombardo

Vote Smart's Synopsis:

Vote to pass a bill that amends commerce laws regarding remote work.

Highlights:

• Prohibits the commissioner of Financial Institutions form requiring an applicant for a license to establish a new depository institution to identify the physical address of the proposed depository institution in the application for the license for work (Sec. 1). 

• Authorizes certain persons employed by financial institutions to temporarily delay certain financial transactions involving the suspected exploitation of an older person or other vulnerable individual (Sec. 1). 

• Exempts certain persons from liability for certain actions relating to the suspected exploitation of an older person or vulnerable person (Sec. 1). 

• Authorizes certain persons to perform certain work from a remote location under certain circumstances (Sec. 1). 

• Establishes certain requirements from individuals who are working from home (Sec. 1). 

• Requires individuals in the lending business in the state to provide notice to the Attorney General of the state about breaches in security online involving personal information (Sec. 1). 

• Restructures the circumstances and situations under which a person is not required to accept an acknowledged power of attorney (Sec. 1). 

• Prohibits deceptive service agreements between an owner of a residential property and a service provider (Sec. 1). 

• Restructures provisions governing persons who hold a permit to engage in property management (Sec. 1).

• revising the method by which a collection agency must notify a medical debtor before taking any action to collect a medical debt (Sec. 1). 

• Authorizes penalties for violations of this act (Sec. 1).

Full Bill Text