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AB-83 Department of Financial Protection and Innovation: elder abuse prevention plan.(2025-2026)



Current Version: 12/20/24 - Introduced

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AB83:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2025–2026 REGULAR SESSION

Assembly Bill
No. 83

Introduced by Assembly Member Pacheco

December 20, 2024

An act to add Division 27 (commencing with Section 120000) to the Financial Code, relating to business.


LEGISLATIVE COUNSEL'S DIGEST


AB 83, as introduced, Pacheco. Department of Financial Protection and Innovation: elder abuse prevention plan.
Existing law establishes in the Business, Consumer Services, and Housing Agency a Department of Financial Protection and Innovation under the direction of the Commissioner of Financial Protection and Innovation. Under existing law, the department has charge of the execution of specified laws relating to various financial institutions and financial products and services.
This bill would direct the department to require companies to submit to the department an elder abuse prevention plan.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: YES   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 Division 27 (commencing with Section 120000) is added to the Financial Code, to read:

DIVISION 27. Elder Abuse Prevention

120000.
 The Department of Financial Protection and Innovation shall require companies to submit to the department an elder abuse prevention plan.