§1373. Notices
A. A covered financial institution may notify any covered agency if the covered
financial institution believes that the financial exploitation of an eligible adult is occurring,
has or may have occurred, or is being attempted, or has been, or may have been attempted.
B. A covered financial institution may notify any third party reasonably associated
with the eligible adult if the covered financial institution believes that the financial
exploitation of an eligible adult is occurring, has or may have occurred, or is being attempted,
or has been, or may have been attempted. A third party reasonably associated with the
eligible adult includes but is not limited to all of the following:
(1)A parent, spouse, adult child, sibling, or other known family member or close
associate o
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§1373. Notices
A. A covered financial institution may notify any covered agency if the covered
financial institution believes that the financial exploitation of an eligible adult is occurring,
has or may have occurred, or is being attempted, or has been, or may have been attempted.
B. A covered financial institution may notify any third party reasonably associated
with the eligible adult if the covered financial institution believes that the financial
exploitation of an eligible adult is occurring, has or may have occurred, or is being attempted,
or has been, or may have been attempted. A third party reasonably associated with the
eligible adult includes but is not limited to all of the following:
(1) A parent, spouse, adult child, sibling, or other known family member or close
associate of an eligible adult.
(2) An authorized contact provided by the eligible adult to the covered financial
institution.
(3) A co-owner, additional authorized signatory, or beneficiary on the eligible adult's
account.
C. A covered financial institution may choose not to notify any third party reasonably
associated with the eligible adult of suspected financial exploitation of the eligible adult, if
the covered financial institution believes such third party is, may be, or may have been
engaged in financial exploitation of the eligible adult.
D. A covered financial institution shall make a reasonable effort, at least annually,
to notify all employees of the covered financial institution of their ability to report potential
financial exploitation of an eligible adult to personnel within the covered financial
institution.