Crimes and punishments; exploitation of elderly and disabled adults; property purchase; below market value; effective date.

HB 1176 strengthens protections for elderly (62+) and disabled adults by criminalizing specific financial exploitation. It prohibits individuals in trusted positions or with business relationships from misusing their funds/assets (with intent to deprive them or benefit others), and bans purchasing their residential property for less than 70% of market value - including contract flipping. Violations involving $100,000+ in assets carry up to 15 years in prison and $10,000 fines; lower-value cases carry up to 10 years and the same fine. The law takes effect November 1, 2025.