Provides relative to financial transactions attempting financial exploitation of certain adults. (8/1/18)
Insurance Information and Privacy Protection Act.
Protects certain individuals from financial exploitation
Financial abuse of an elder or dependent adult: fraudulent transactions: liability.
Money laundering: blockchain technology.
Nonprofit corporations: private postsecondary educational institutions: sale of assets: Attorney General approval.
Protects certain individuals from financial exploitation
Relating to financial institutions; to amend Section 5-5A-43, Code of Alabama 1975, to prohibit financial institutions from disclosing certain customer financial records of firearms transactions with certain exceptions; to allow the Department of Finance to disqualify a financial institution from any selection process for state contracts for violation of this prohibition; and to provide civil penalties and criminal penalties for violation of the act.