New Jersey Gov Signs Bill To Protect Seniors From Financial Exploitation

January 22, 2020 by Staff Reports

From Staff Reports

New Jersey became the latest state to pass a law to better protect senior citizens from financial exploitation.

Gov. Phil Murphy, D, signed the Safeguarding Against Financial Exploitation Act last week. Under the new law, a qualified individual who reasonably believes that financial exploitation of an eligible adult has occurred would be required to notify the Bureau of Securities as well as any applicable county adult protective services provider.

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Originally Posted at InsuranceNewsNet on January 20, 2020 by Staff Reports.