state_legiscan_drain · GA
Banking and finance; holds on accounts of eligible adults for suspected financial exploitation; provide
January 12, 2026
Summary
If enacted, this bill would allow banks and credit unions in Georgia to place holds on accounts of eligible adults when financial exploitation is suspected, establishing procedures for placing and lifting such holds. It also removes the requirement to obtain independent credit reports from consumer reporting agencies and creates new regulatory authority over litigation finance providers. The bill aims to protect vulnerable adults from financial abuse while providing due process for account holders.
AI-generated summary · Jun 19, 2026. Verify with your compliance counsel before acting.
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Source: https://www.legis.ga.gov/legislation/72143
Common questions
- What does "Banking and finance; holds on accounts of eligible adults for suspected financial exploitation; provide" cover?
- If enacted, this bill would allow banks and credit unions in Georgia to place holds on accounts of eligible adults when financial exploitation is…
- When was it published?
- It was published on January 12, 2026.