Revises provisions relating to financial institutions. (BDR 55-225)

SB 369 requires financial institutions, credit unions, savings banks, and thrift companies to implement new protections for older or vulnerable account holders. Specifically, it mandates that these institutions obtain a designated emergency financial contact from account holders before opening accounts (or allow existing accounts to add one by October 1, 2025), and requires them to contact that person within 24 hours for any transaction over $5,000 involving such accounts. If exploitation is suspected during this process, the institution must temporarily delay the transaction and report it to designated personnel. The bill also provides legal immunity to institutions that follow these procedures, while creating a civil remedy for account holders harmed by violations. This directly affects financial institutions serving older or vulnerable individuals and aims to prevent financial exploitation.