FRAUD: Provides relative to protection of eligible adults from financial exploitation

HB 913 protects eligible adults (likely those with diminished capacity) from financial exploitation by requiring Louisiana financial institutions (banks, credit unions, etc.) to implement specific safeguards. Key provisions include: designating "trusted contact persons" (chosen by the adult), mandating twice-yearly staff training on recognizing fraud (like tech support scams), and allowing institutions to delay suspicious transactions. Institutions must notify trusted contacts if exploitation is suspected and follow clear procedures for extending transaction delays up to 25 business days. The bill focuses on concrete institutional actions rather than outcomes, defining exploitation and granting immunity to institutions acting in good faith.