Requires, or sanctions, as appropriate, financial institutions to take certain action when senior or vulnerable customers make certain financial transactions.

This bill requires New Jersey financial institutions (like banks and credit unions) to delay certain transactions for senior customers (60+ years old) or vulnerable customers (18+ with physical/mental conditions affecting financial decisions) when suspicious activity occurs. It mandates staff training to identify potential scams and allows institutions to share financial records with law enforcement or adult protective services. The law amends existing statutes (P.L.1998, c.121) to clarify when institutions may delay transactions or disclose records to prevent fraud. It directly affects financial institutions and protects vulnerable adults from financial exploitation.