Enacting bank protections for eligible adults from financial exploitation

SB 86 creates legal protections for banks, broker-dealers, and investment advisors in West Virginia who suspect financial exploitation of vulnerable adults. It allows these institutions to delay, refuse, or prevent certain transactions and share financial information with designated state agencies (like the Department of Human Services or Attorney General) without fear of lawsuits, when they believe an eligible adult is at risk. Eligible adults include people aged 65+ or adults 18+ with significant mental impairments affecting financial decisions, or those with appointed guardians/conservators. The bill explicitly states it does not require institutions to override customer instructions but provides tools to intervene safely.