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Can you summarize 17b CTGS 463?
Protective Services for the Elderly - Secs. 17b-450 to 17b-489 > Mandatory training for financial agents in detecting fraud, exploitation and financial abuse of elderly persons.
Short Summary
This legal document pertains to the mandatory training requirements for financial agents in detecting potential fraud, exploitation, and financial abuse of elderly persons. A financial agent is defined as an officer or employee of a financial institution who has direct contact with an elderly person within their scope of employment or professional practice, or who reviews or approves an elderly person’s financial documents, records, or transactions. The document states that all financial agents must participate in mandatory training to detect potential fraud, exploitation, and financial abuse of elderly persons. The training should utilize the resources available on the Commission on Women, Children, Seniors, Equity and Opportunity portal. Financial agents are required to complete this training within six months from the availability of training resources on the web portal, or within the first six months of their employment if later. The document has been amended in the past to update the name of the commission responsible for the web portal. No specific exemptions or penalties are mentioned in this document.
Whom does it apply to?
Financial agents, defined as officers or employees of financial institutions who have direct contact with elderly persons or review/approve their financial documents, records, or transactions
What does it govern?
Mandatory training for financial agents in detecting fraud, exploitation and financial abuse of elderly persons
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Connecticut