Oklahoma SB2067: Financial institutions; Financial Privacy Act; permitting disclosure or release of information for investigations of financial exploitation of protected adults. Effective date.

What the bill says

An Act relating to financial institutions; amending 6 O.S. 2021, Section 2205, which relates to the Financial Privacy Act; permitting disclosure or release of information for investigations of financial exploitation of protected adults; defining terms; requiring employees of certain institutions to notify the institution of suspected financial exploitation of a protected adult; directing certain institution to notify proper agency; permitting certain institution to notify trusted contact of suspected financial exploitation of a protected adult; authorizing temporary holds…

From the enrolled text, April 30, 2026:

An Act relating to financial institutions; amending 6 O.S. 2021, Section 2205, which relates to the Financial Privacy Act; permitting disclosure or release of information for investigations of financial exploitation of protected adults; defining terms; requiring employees of certain institutions to notify the institution of suspected financial exploitation of a protected adult; directing certain institution to notify proper agency; permitting certain institution to notify trusted contact of suspected financial exploitation of a protected adult; authorizing temporary holds; requiring provision of certain notice of temporary hold; requiring provision of certain timeline for temporary hold; exempting notice to trusted contact if contact is suspected of financial exploitation of the protected adult; providing immunity for certain institution and employees for compliance with section; requiring retention of certain records; permitting access to certain records upon certification by an agency that an investigation into financial exploitation of a protected adult is being undertaken by the agency; authorizing certain statement containing financial information during certain time frame; requiring requests to comply with the Financial Privacy Act; providing for codification; and providing an effective date. SUBJECT: Financial privacy SECTION 1. AMENDATORY 6 O.S. 2021, Section 2205, is amended to read as follows: Section 2205. A. Nothing in the Financial Privacy Act shall prohibit the disclosure or release of any financial record or information to any supervisory agency …