Maryland legislation · 2026 Regular Session
Maryland HB1008: Fiduciary Institutions - Exploitation of Seniors and Vulnerable Adults - Protections and Required Referral (Vulnerable Adult Banking Protection Act)
Status: Signed into law, May 12, 2026
Authorizing a fiduciary institution, under certain circumstances, to delay or deny a disbursement from the account of a certain individual or the account on which a certain individual is a beneficiary; requiring a fiduciary institution, under certain circumstances, to provide certain financial records to certain entities; authorizing a fiduciary institution, under certain circumstances, to contact certain individuals; and providing certain fiduciary institutions immunity from certain liability.
What the bill says
An act concerning Fiduciary Institutions - Exploitation of Seniors and Vulnerable Adults - Protections and Required Referral (Vulnerable Adult Banking Protection Act) FOR the purpose of authorizing a fiduciary institution, under certain circumstances, to delay or deny a disbursement from the account of a certain individual or the account on which a certain individual is a beneficiary; requiring a fiduciary institution, under certain circumstances, to provide certain financial records to certain entities…
From the enrolled text, May 19, 2026:
AN ACT concerning Fiduciary Institutions - Exploitation of Seniors and Vulnerable Adults - Protections and Required Referral (Vulnerable Adult Banking Protection Act) FOR the purpose of authorizing a fiduciary institution, under certain circumstances, to delay or deny a disbursement from the account of a certain individual or the account on which a certain individual is a beneficiary; requiring a fiduciary institution, under certain circumstances, to provide certain financial records to certain entities; authorizing a fiduciary institution, under certain circumstances, to contact certain individuals; providing certain fiduciary institutions immunity from certain liability; and generally relating to disbursement delays, disbursement denials, and disclosures of confidential financial records by fiduciary institutions. BY repealing and reenacting, without amendments, Article - Family Law Section 14-101(q) Annotated Code of Maryland (2019 Replacement Volume and 2025 Supplement) BY repealing and reenacting, without amendments, Article - Financial Institutions Section 1-301(a) and (b) Annotated Code of Maryland (2020 Replacement Volume and 2025 Supplement) BY adding to Article - Financial Institutions Section 1-307 Annotated Code of Maryland (2020 Replacement Volume and 2025 Supplement) SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, That the Laws of Maryland read as follows: Article - Family Law 14-101. (q) "Vulnerable adult" means an adult who lacks the physical or mental capacity to provide for the adult's daily needs. Ch. 510 2026 …