S851 is a bill in the South Carolina Legislature (126th General Assembly): Protection from Financial Exploitation.

What is the status of S851?

Signed into law as of June 3, 2026. Latest action: Effective date 05/19/26 (June 5, 2026).

Young Jr., Tom (R, 24), with 1 co-sponsor.

Where is the official record for S851?

On the South Carolina Legislature website: https://www.scstatehouse.gov/sess126_2025-2026/bills/851.htm

South Carolina legislation · 126th General Assembly

South Carolina S851: Protection from Financial Exploitation

Q: What does S851 do?

In its own words: TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 34-3-900 SO AS TO DEFINE TERMS PERTAINING TO THE FINANCIAL EXPLOITATION OF AN ELIGIBLE ADULT AND TO OUTLINE A PROCEDURE FOR ESTABLISHING EMERGENCY CONTACTS FOR AN ELIGIBLE ADULT TO PROTECT THE ELIGIBLE ADULT FROM FINANCIAL EXPLOITATION. B e it enacted by the General Assembly of the State of South Carolina: S ECTION 1. C hapter 3, Title 34 of the S.C. Code is amended by adding: A rticle 13 P rotecting Eligible Adults from Financial Exploitation S ection 34-3-900. ( A) As used in this section: ( 1) "Financial institution" means an.

Status: Signed into law, June 3, 2026

What the bill says

TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 34-3-900 SO AS TO DEFINE TERMS PERTAINING TO THE FINANCIAL EXPLOITATION OF AN ELIGIBLE ADULT AND TO OUTLINE A PROCEDURE FOR ESTABLISHING EMERGENCY CONTACTS FOR AN ELIGIBLE ADULT TO PROTECT THE ELIGIBLE ADULT FROM FINANCIAL EXPLOITATION. B e it enacted by the General Assembly of the State of South Carolina: S ECTION 1. C hapter 3, Title 34 of the S.C. Code is amended by adding: A rticle 13 P rotecting Eligible Adults from Financial Exploitation S ection 34-3-900. ( A) As used in this section: ( 1) "Financial institution" means an.

From the amended text, April 23, 2026:

A bill TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 34-3-900 SO AS TO DEFINE TERMS PERTAINING TO THE FINANCIAL EXPLOITATION OF AN ELIGIBLE ADULT AND TO OUTLINE A PROCEDURE FOR ESTABLISHING EMERGENCY CONTACTS FOR AN ELIGIBLE ADULT TO PROTECT THE ELIGIBLE ADULT FROM FINANCIAL EXPLOITATION. B e it enacted by the General Assembly of the State of South Carolina: S ECTION 1. C hapter 3, Title 34 of the S.C. Code is amended by adding: A rticle 13 P rotecting Eligible Adults from Financial Exploitation S ection 34-3-900. ( A) As used in this section: ( 1) "Financial institution" means any bank, credit union, wealth management institution, or other financial services company. This section excludes a "broker-dealer" as defined in Section 35-1-102(4) and an "investment adviser" as defined in Section 35-1-102(15). ( 2) "Eligible adult" means: ( a) a person fifty-five years of age or older; or ( b) a vulnerable adult subject to Section 43-35-10(11). ( 3) "Financial exploitation" means: ( a) the wrongful or unauthorized taking, withholding, appropriation, or use of the money, assets, or property of an eligible adult; or ( b) any act or omission taken by a person, including through the use of a power of attorney, guardianship, or conservatorship of an eligible adult, to: ( i) obtain the control, use, …

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South Carolina S851: Protection from Financial Exploitation

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