Section 19-34-3. – Notifying third parties of suspected financial exploitation or abuse.
§ 19-34-3. Notifying third parties of suspected financial exploitation or abuse. lf a regulated institution submits a report of suspected financial exploitation or abuse of an elder adult to the department pursuant to § 19-34-2, the regulated institution may at the time the regulated institution submits the report also notify a third party reasonably associated […]
Section 19-34-4. – Temporary hold on transactions in certain cases of suspected financial exploitation.
§ 19-34-4. Temporary hold on transactions in certain cases of suspected financial exploitation. (a) Notwithstanding any other law, if a regulated institution submits a report of suspected financial exploitation of an elder adult to the department pursuant to § 19-34-2, the regulated institution: (1) May place a temporary hold on any transaction that: (i) Involves […]
Section 19-34-5. – Immunity.
§ 19-34-5. Immunity. (a) An employee of a regulated institution who makes a notification pursuant to § 19-34-2, or a regulated institution that submits a report pursuant to § 19-34-2 or makes a notification to a third party pursuant to § 19-34-3, or an employee or regulated institution that testifies or otherwise participates in a […]
Section 19-34-6. – Records.
§ 19-34-6. Records. To the extent permitted by state or federal law, a regulated institution shall provide, on request, access to or copies of records relevant to the suspected financial exploitation of an elder adult to the department, a law enforcement agency, or the office of attorney general, either as part of a report to […]
Section 19-34-7. – Training.
§ 19-34-7. Training. (a) Commencing no later than 45 days following passage of the Act, regulated institutions shall provide training concerning the financial exploitation of elder adults to employees of regulated institutions as defined in § 19-34-1, and shall provide this training to new employees within the first three (3) months of their employment. (b) […]
Section 19-34-8. – Disclosure.
§ 19-34-8. Disclosure. Notwithstanding any provision of law, the attorney general and local law enforcement may disclose to a mandated reporter of suspected elder financial abuse, upon request, the general status or final disposition of any investigation that arose from a report made by that mandated reporter of suspected financial abuse of an elder adult […]
Section 19-33-9. – Examinations.
§ 19-33-9. Examinations. (a) In addition to any other authority provided under this chapter, the department shall have the authority to conduct examinations of registrants. (b) In order to carry out the purposes of this chapter, the department may: (1) Retain attorneys, accountants or other professionals and specialists as examiners or auditors to conduct or […]
Section 19-33-10. – Fines.
§ 19-33-10. Fines. (a) The director, after an administrative hearing pursuant to chapter 35 of title 42, may issue fines upon a finding that the registrant violated the provisions of this chapter, or any regulation or order lawfully made pursuant to this chapter; or take any other action provided for in this chapter. (b) Any […]
Section 19-33-11. – Appeal and review.
§ 19-33-11. Appeal and review. Any student loan servicer aggrieved by an action of the department in imposition of fines shall have the right to appeal the action, order, or decision pursuant to chapter 35 of title 42. History of Section.P.L. 2019, ch. 199, § 1; P.L. 2019, ch. 265, § 1.
Section 19-33-12. – Prohibited conduct.
§ 19-33-12. Prohibited conduct. No student loan servicer shall: (1) Directly or indirectly employ any scheme, device, or artifice to defraud or mislead student loan borrowers; (2) Engage in any unfair or deceptive practice toward any person or misrepresent or omit any material information in connection with the servicing of a student education loan, including, […]