Section 409.600 – Citation of law.
Effective – 28 Aug 2015 409.600. Citation of law. — Sections 409.600 to 409.630 may be cited as the “Senior Savings Protection Act”. ——– (L. 2015 S.B. 244)
Section 409.605 – Definitions.
Effective – 28 Aug 2020, 2 histories 409.605. Definitions. — As used in sections 409.600 to 409.630, the following terms shall mean: (1) “Agencies”, the department of health and senior services and the commissioner of securities; (2) “Agent”, shall have the same meaning as in section 409.1-102; (3) “Broker-dealer”, shall have the same meaning as […]
Section 409.610 – Financial exploitation, notification of agencies and family members.
Effective – 28 Aug 2020, 2 histories 409.610. Financial exploitation, notification of agencies and family members. — If a qualified individual reasonably believes that financial exploitation of a qualified adult has occurred, has been attempted, or is being attempted, the qualified individual may notify the agencies. Subsequent to notifying the agencies, an agent, investment adviser […]
Section 409.615 – Refusal of request for disbursement or transaction, when — expiration.
Effective – 28 Aug 2020, 2 histories 409.615. Refusal of request for disbursement or transaction, when — expiration. — 1. A qualified individual may refuse a request for disbursement or transaction from the account of a qualified adult, or an account on which a qualified adult is a beneficiary or beneficial owner, if: (1) The […]
Section 409.620 – Immunity from liability, when.
Effective – 28 Aug 2020, 2 histories 409.620. Immunity from liability, when. — Notwithstanding any other provision of law to the contrary, an investment adviser representative, agent, or qualified individual who, in good faith and exercising reasonable care, complies with section 409.610 or 409.615 shall be immune from any civil liability under those sections. ——– […]
Section 409.625 – Records, provided to agencies or law enforcement, when.
Effective – 28 Aug 2020, 2 histories 409.625. Records, provided to agencies or law enforcement, when. — A qualified individual shall, upon request, provide access to or copies of records that are relevant to the suspected financial exploitation of a qualified adult to the agencies or law enforcement. The records may include historical records or […]
Section 409.630 – Website for training resources to prevent and detect financial exploitation.
Effective – 28 Aug 2020, 2 histories 409.630. Website for training resources to prevent and detect financial exploitation. — No later than September 1, 2021, the commissioner of securities shall develop and make available a website that includes training resources to assist broker-dealers, investment advisers, agents, and investment adviser representatives in the prevention and detection […]