United States — Utah Act or statute

United States — Utah legislation

Utah Code § 7-26-302, 2020

A covered financial institution may notify law enforcement, Adult Protective Services, or an associated third party when a qualified individual believes vulnerable-adult financial exploitation is occurring, has occurred,…

financial exploitation reportingthird-party notificationvulnerable adult protection

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01

Purpose and legislative effect

“A covered financial institution may notify law enforcement, Adult Protective Services, or an associated third party when a qualified individual believes vulnerable-adult financial exploitation is occurring, has occurred, or may occur.”

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02

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03

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Permitted notifications.

A covered financial institution may notify law enforcement, Adult Protective Services, or an associated third party when a qualified individual believes vulnerable-adult financial exploitation is occurring, has occurred, or may occur.

Section 7-26-302

Subsection 7-26-302(1)

A covered financial institution may notify law enforcement or Adult Protective Services if a qualified individual believes financial exploitation of a vulnerable adult is occurring, has occurred, may have occurred, is being attempted, or may have been…

Section 7-26-302(1)

Subsection 7-26-302(2)

A covered financial institution may notify a third party associated with a vulnerable adult when a qualified individual believes financial exploitation is occurring, has occurred, may have occurred, is being attempted, or may have been attempted.

Section 7-26-302(2)

Subsection 7-26-302(3)

A covered financial institution may decide not to notify a third party about a vulnerable adult if a qualified individual reasonably believes the third party is, may be, or may have been involved in financial exploitation.

Section 7-26-302(3)

04

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In force source record

Source record from le.utah.gov · Enacted 2020

In force

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Showing 4 of 4 provisions

Provision 4

Part 7-26-3

part 7-26-3 Permitted Acts to Prevent Financial Exploitation of Vulnerable Adults

§ 7-26-302Permitted notifications.Provision

A covered financial institution may notify law enforcement, Adult Protective Services, or an associated third party when a qualified individual believes vulnerable-adult financial exploitation is occurring, has occurred, or may occur.

Permitted notifications. A covered financial institution may notify a law enforcement agency or Adult Protective Services if a qualified individual believes that the financial exploitation of a vulnerable adult is occurring, has or may have occurred, is being attempted, or has been or may have been attempted. A covered financial institution may notify a third party associated with a vulnerable adult if a qualified individual believes that the financial exploitation of the vulnerable adult is occurring, has or may have occurred, is being attempted, or has been or may have been attempted. A covered financial institution may choose not to notify a third party associated with a vulnerable adult as described in Subsection (2) , if a qualified individual reasonably believes that the third party is, may be, or may have been engaged in the financial exploitation of the vulnerable adult.
Section 7-26-302Verify source
§ 7-26-302(1)Subsection 7-26-302(1)Provision

A covered financial institution may notify law enforcement or Adult Protective Services if a qualified individual believes financial exploitation of a vulnerable adult is occurring, has occurred, may have occurred, is being attempted, or may have been attempted.

A covered financial institution may notify a law enforcement agency or Adult Protective Services if a qualified individual believes that the financial exploitation of a vulnerable adult is occurring, has or may have occurred, is being attempted, or has been or may have been attempted.
Section 7-26-302(1)Verify source
§ 7-26-302(2)Subsection 7-26-302(2)Provision

A covered financial institution may notify a third party associated with a vulnerable adult when a qualified individual believes financial exploitation is occurring, has occurred, may have occurred, is being attempted, or may have been attempted.

A covered financial institution may notify a third party associated with a vulnerable adult if a qualified individual believes that the financial exploitation of the vulnerable adult is occurring, has or may have occurred, is being attempted, or has been or may have been attempted.
Section 7-26-302(2)Verify source
§ 7-26-302(3)Subsection 7-26-302(3)Provision

A covered financial institution may decide not to notify a third party about a vulnerable adult if a qualified individual reasonably believes the third party is, may be, or may have been involved in financial exploitation.

A covered financial institution may choose not to notify a third party associated with a vulnerable adult as described in Subsection (2) , if a qualified individual reasonably believes that the third party is, may be, or may have been engaged in the financial exploitation of the vulnerable adult.
Section 7-26-302(3)Verify source

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