MCL - Act 344 of 2020
AN ACT to require financial institutions to report financial exploitation of their customers or members; to allow financial institutions to freeze customer or member transactions or assets under certain circumstances; to provide immunity from criminal, civil, or administrative liability to financial institutions for actions taken in good faith under this act; and to provide for the powers and duties of certain governmental officers and entities.
History: 2020, Act 344, Eff. Sept. 26, 2021
| Document | Type | Description |
|---|---|---|
| Section 487.2081 | Section | Short title. |
| Section 487.2083 | Section | Definitions. |
| Section 487.2085 | Section | Training for signs of covered financial exploitation of members or customers; requirements; reporting; notification; disclosure and identification of reporting individual. |
| Section 487.2087 | Section | Investigations; delay or freeze on transactions; exception. |
| Section 487.2089 | Section | Examination and enforcement authority. |
| Section 487.2091 | Section | Construction of act. |