North Carolina legislation · 2025-2026 Session
North Carolina H754: Fin. Exploit. Prevention/Savings Bank Updates.
Status: In committee, May 8, 2025
What the bill says
An act to protect disabled and older adults from financial exploitation and to update the savings bank laws to increase alignment with the commercial banking laws.
From the introduced text:
A BILL TO BE ENTITLED AN ACT TO PROTECT DISABLED AND OLDER ADULTS FROM FINANCIAL EXPLOITATION AND TO UPDATE THE SAVINGS BANK LAWS TO INCREASE ALIGNMENT WITH THE COMMERCIAL BANKING LAWS. The General Assembly of North Carolina enacts: PART I. ENHANCEMENTS TO ARTICLE 6A OF CHAPTER 108A, "PROTECTION OF DISABLED AND OLDER ADULTS FROM FINANCIAL EXPLOITATION" SECTION 1.(a) G.S. 108A-112 reads as rewritten: "§ 108A-112. Legislative intent and purpose. (a) Determined to fight the growing problem of fraud and financial exploitation targeting disabled adults and older adults in North Carolina, the General Assembly enacts this Article to facilitate the collection of records needed to investigate and prosecute such these incidents. (b) The General Assembly finds that older adults in this State are at a statistically higher risk of being targeted for financial exploitation, regardless of diminished capacity or other disability, because of their accumulation of substantial assets and wealth compared to younger age groups. (c) The General Assembly recognizes that financial institutions have duties imposed by law and by contract to conduct customer-directed transactions in a timely manner and in accordance with their customers' instructions. (d) The General Assembly intends to provide financial institutions with the tools and protections to take action based upon the reasonable belief that older adults or disabled adults who have accounts with the financial institutions …
Sponsors
- Ross, Stephen M. (R, 63) · primary sponsor
- Howard, Julia C. (R, 77) · primary sponsor
- Jackson, Neal (R, 78) · primary sponsor
- Crawford, Sarah (D, 66) · primary sponsor
- Cervania, Maria (D, 41)
- Greenfield, Julia (D, 100)
- Harrison, Pricey (D, 61)
- Logan, Carolyn G. (D, 101)
- Pierce, Garland E. (D, 48)
- Scott, Paul (R, 111)
- Ward, Bill (R, 5)
- White, Donna McDowell (R, 26)
Latest actions
- : Ref To Com On Rules and Operations of the Senate
- : Passed 1st Reading
- : Special Message Received From House
- : Special Message Sent To Senate
- : Passed 3rd Reading
- : Passed 2nd Reading
- : Added to Calendar
- : Cal Pursuant Rule 36(b)
- : Reptd Fav
- : Re-ref Com On Rules, Calendar, and Operations of the House
Votes
- Fin. Exploit. Prevention/Savings Bank Updates. Second Reading (May 7, 2025): 111 yea, 0 nay, passed
Subjects: GUARDIANSHIP, CONSUMER PROTECTION, FINANCIAL INSTITUTIONS, COMMISSIONER OF BANKS, AGING, COMMERCE, FINANCIAL SERVICES, REPORTS
Common questions
- What is H754?
- H754 is a bill in the North Carolina Legislature (2025-2026 Session): Fin. Exploit. Prevention/Savings Bank Updates.
- What does H754 do?
- In its own words: An act to protect disabled and older adults from financial exploitation and to update the savings bank laws to increase alignment with the commercial banking laws.
- What is the status of H754?
- In committee as of May 8, 2025. Latest action: Ref To Com On Rules and Operations of the Senate (May 8, 2025).
- Who sponsored H754?
- Ross, Stephen M. (R, 63), with 11 co-sponsors.
- Where is the official record for H754?
- On the North Carolina Legislature website: https://www.ncleg.gov/BillLookUp/2025/H754
Source: official North Carolina record. Tracked by Delilah, AI for legislation across all 50 states and Congress.