§ 108A-115 – Duty to report suspected fraud; content of report; immunity for reporting.
108A-115. Duty to report suspected fraud; content of report; immunity for reporting. (a) Any financial institution, or officer or employee thereof, having reasonable cause to believe that a disabled adult or older adult is the victim or target of financial exploitation shall report such information to the following: (1) Persons on the list provided by […]
§ 108A-116 – Production of customers' financial records in cases of suspected financial exploitation; immunity; records may not be used against account owner.
108A-116. Production of customers’ financial records in cases of suspected financial exploitation; immunity; records may not be used against account owner. (a) An investigating entity may, under the conditions specified in this section, petition the district court to issue a subpoena directing a financial institution to provide to the investigating entity the financial records of […]
§ 108A-117 – Notice to customer; delayed notice.
108A-117. Notice to customer; delayed notice. (a) Upon the issuance of a subpoena pursuant to G.S. 108A-116, the investigating entity shall immediately provide the customer with written notice of its action by first-class mail to the customer’s last known address, unless an order for delayed notice is obtained pursuant to subsection (b) of this section. […]
§ 108A-112 – Legislative intent and purpose.
108A-112. Legislative intent and purpose. Determined to fight the growing problem of fraud and financial exploitation targeting disabled and older adults in North Carolina, the General Assembly enacts this Article to facilitate the collection of records needed to investigate and prosecute such incidents. (2013-337, s. 4.)
§ 108A-113 – Definitions.
108A-113. Definitions. As used in this Article, the following definitions apply: (1) Customer. – A person who is a present or former holder of an account with a financial institution. (2) Disabled adult. – An individual 18 years of age or older or a lawfully emancipated minor who is present in the State of North […]
§ 108A-114 – Financial institutions encouraged to offer disabled adult and older adult customers the opportunity to submit a list of trusted persons to be contacted in case of financial exploitation.
108A-114. Financial institutions encouraged to offer disabled adult and older adult customers the opportunity to submit a list of trusted persons to be contacted in case of financial exploitation. All financial institutions are encouraged, but not required, to offer to disabled adult and older adult customers the opportunity to submit, and periodically update, a list […]