2020
Regular Session
Financial institutions; authorize to delay a transaction upon good-faith belief that eligible person will be exploited.
AN ACT TO AUTHORIZE A FINANCIAL INSTITUTION TO DELAY THE COMPLETION OF A FINANCIAL TRANSACTION, IF CERTAIN EMPLOYEES OF THE FINANCIAL INSTITUTION BELIEVE IN GOOD FAITH THAT A REQUESTED TRANSACTION MAY RESULT IN, OR BE THE RESULT OF, EXPLOITATION OF AN ELIGIBLE PERSON; TO PROVIDE THAT A TRANSACTION DELAY WILL EXPIRE UPON EITHER A GOOD-FAITH DETERMINATION BY THE FINANCIAL INSTITUTION THAT THE TRANSACTION WILL NOT RESULT IN EXPLOITATION, OR 10 CALENDAR DAYS, UNLESS THE DEPARTMENT OF HUMAN SERVICES OR A LAW ENFORCEMENT AUTHORITY REQUESTS THAT THE FINANCIAL INSTITUTION EXTEND THE DELAY; TO REQUIRE THE FINANCIAL INSTITUTION TO NOTIFY THE DEPARTMENT OF HUMAN SERVICES AND AUTHORIZE THE FINANCIAL INSTITUTION TO NOTIFY OTHER CERTAIN INDIVIDUALS IF A TRANSACTION IS DELAYED; TO LIMIT THE LIABILITY OF A FINANCIAL INSTITUTION THAT EITHER DELAYS A TRANSACTION OR DOES NOT DELAY A TRANSACTION; AND FOR RELATED PURPOSES.
11/19/20 at 10:21
H
B
940
House Bill 940
HB 940
H
Law
General Bill/Constitutional Amendment
No
Majority
July 1, 2020
415
Banking and Financial Services
F
../../House_cmtes/BB.xml
Business and Financial Institutions
F
../../Senate_cmtes/BF.xml
Zuber
../../House_authors/Zuber.xml
Aguirre
../../House_authors/Aguirre.xml
Anthony
../../House_authors/Anthony.xml
Gibbs (72nd)
../../House_authors/Gibbs_(72nd).xml
1
02/14 (H) Referred To Banking and Financial Services
2
02/25 (H) Title Suff Do Pass
3
03/04 (H) Passed
../../../../2020/pdf/votes/house/0580041.pdf
4
03/05 (H) Transmitted To Senate
5
05/12 (S) Referred To Business and Financial Institutions
6
06/01 (S) Title Suff Do Pass As Amended
7
06/10 (S) Amended
8
06/10 (S) Passed As Amended
../../../../2020/pdf/votes/senate/1560069.pdf
9
06/11 (S) Returned For Concurrence
10
06/17 (H) Concurred in Amend From Senate
../../../../2020/pdf/votes/house/1630013.pdf
11
06/22 (H) Enrolled Bill Signed
12
06/23 (S) Enrolled Bill Signed
13
06/29 Approved by Governor
../../../../documents/2020/pdf/HB/0900-0999/HB0940SG.pdf
../../../../documents/2020/html/HB/0900-0999/HB0940SG.htm
../../../../documents/2020/pdf/HB/0900-0999/HB0940IN.pdf
../../../../documents/2020/html/HB/0900-0999/HB0940IN.htm
../../../../documents/2020/pdf/HB/0900-0999/HB0940PS.pdf
../../../../documents/2020/html/HB/0900-0999/HB0940PS.htm
../../../../documents/2020/pdf/HB/0900-0999/HB0940SG.pdf
../../../../documents/2020/html/HB/0900-0999/HB0940SG.htm
Committee Amendment No 1
Adopted
../../../../documents/2020/pdf/sam/HB0940_S_Cmte_Amend_01.pdf
../../../../../documents/2020/html/sam/HB0940_S_Cmte_Amend_01.htm
N
../../../../documents/2020/pdf/fiscalnotes/HB0940.pdf