Legislation - HB1008

Title: Fiduciary Institutions - Exploitation of Seniors and Vulnerable Adults - Protections and Required Referral (Vulnerable Adult Banking Protection Act)
Sponsored by: Delegates Queen and Spiegel
Status: In the Senate - Second Reading Passed
Analysis: Fiscal and Policy Note

Synopsis

Authorizing a fiduciary institution, under certain circumstances, to delay or deny a disbursement from the account of a certain individual or the account on which a certain individual is a beneficiary; requiring a fiduciary institution, under certain circumstances, to provide certain financial records to certain entities; authorizing a fiduciary institution, under certain circumstances, to contact certain individuals; and providing certain fiduciary institutions immunity from certain liability.

Committees

Original:: Economic Matters Click to view Recorded Media

Opposite:: Finance

Committee Testimony

Witness List

Details

Cross-filed with: SB0753

Bill File Type: Regular

Effective Date(s): October 1, 2026

History

Legislation History
Chamber House Calendar Date 2/06/2026 Legislative Date 2/06/2026 Action First Reading Judiciary Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Fiduciary Institutions - Exploitation of Seniors and Vulnerable Adults - Protections and Required Referral (Vulnerable Adult Banking Protection Act) Proceedings
Chamber House Calendar Date 2/11/2026 Legislative Date 2/11/2026 Action Reassigned to Economic Matters Proceedings 20 Click to view Recorded Media
Chamber House Calendar Date 2/18/2026 Legislative Date 2/18/2026 Action Hearing 3/10 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/16/2026 Legislative Date 3/16/2026 Action Favorable Report by Economic Matters Proceedings
Chamber House Calendar Date 3/17/2026 Legislative Date 3/03/2026 Action Favorable Adopted Second Reading Passed Proceedings 40 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Fiduciary Institutions - Exploitation of Seniors and Vulnerable Adults - Protections and Required Referral (Vulnerable Adult Banking Protection Act) Proceedings
Chamber House Calendar Date 3/18/2026 Legislative Date 3/05/2026 Action Third Reading Passed (133-0) Proceedings 42 Click to view Recorded Media
Chamber Senate Calendar Date 3/19/2026 Legislative Date 3/03/2026 Action Referred Finance Proceedings 42AClick to view Recorded Media
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/30/2026 Legislative Date 3/30/2026 Action Favorable Report by Finance Proceedings
Chamber Senate Calendar Date 3/31/2026 Legislative Date 3/13/2026 Action Favorable Adopted Second Reading Passed Proceedings 52 Click to view Recorded Media

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/06/2026	2/06/2026	First Reading Judiciary
			Text - First - Fiduciary Institutions - Exploitation of Seniors and Vulnerable Adults - Protections and Required Referral (Vulnerable Adult Banking Protection Act)
House	2/11/2026	2/11/2026	Reassigned to Economic Matters	20 Click to view Recorded Media
House	2/18/2026	2/18/2026	Hearing 3/10 at 1:00 p.m.
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	3/16/2026	3/16/2026	Favorable Report by Economic Matters
House	3/17/2026	3/03/2026	Favorable Adopted Second Reading Passed	40 Click to view Recorded Media
			Text - Third - Fiduciary Institutions - Exploitation of Seniors and Vulnerable Adults - Protections and Required Referral (Vulnerable Adult Banking Protection Act)
House	3/18/2026	3/05/2026	Third Reading Passed (133-0)	42 Click to view Recorded Media
Senate	3/19/2026	3/03/2026	Referred Finance	42AClick to view Recorded Media
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	3/30/2026	3/30/2026	Favorable Report by Finance
Senate	3/31/2026	3/13/2026	Favorable Adopted Second Reading Passed	52 Click to view Recorded Media

File Code

Subjects

Statutes