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H 182

An act relating to the licensure of early childhood educators

2025-2026 Regular Session Introduced by Matt Birong and 3 co-sponsors

Protects 65+ or impaired adults from financial exploitation by allowing banks and state agencies to report, hold transactions, and coordinate care to prevent abuse.

Rep. Birong of Vergennes moved that the Committee on Government Operations and Military Affairs be relieved of the bill and that the same be committed to the Committee on Human Services, which was agreed to
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Bill Summary · H 182

Idaho H 182 — Summary

Aimed at protecting vulnerable adults from financial exploitation, this bill adds a new section to the Uniform Securities Act to empower financial institutions and designated state agencies to intervene when exploitation is suspected.

Purpose and scope

  • Establishes protections for specified adults (65+ or adults 18+ with impairments) against financial exploitation.
  • Creates a framework for reporting, temporary transaction holds, and interagency cooperation among financial institutions and state agencies (Idaho Commission on Aging and Department of Finance).

Key definitions

  • Authorized agencies: Idaho Commission on Aging and Department of Finance.
  • Financial exploitation: Wrongful/unlawful taking or use of a specified adult’s funds/assets, or acts designed to control or convert their money/assets via deception, intimidation, undue influence, or other authority (including powers of attorney or guardianship).
  • Financial institution: Broad category including banks, credit unions, lenders, collection agencies, mortgage entities, money transmitters, escrow agents, and broker-dealers/investment advisers (or those doing business in Idaho under applicable law).
  • Reporting person: A broker-dealer, an investment adviser, or a financial institution.
  • Specified adult: A person aged 65+ or a person 18+ who a reporting person reasonably believes has a mental/physical impairment preventing self-protection.

How reporting works

  • If a reporting person reasonably believes exploitation has occurred or may occur, they may notify:
    • Either authorized agency, and
    • Any third party reasonably associated with the adult or permitted by law.
  • Reports to authorized agencies are confidential and protected by confidentiality rules; the reporting person’s name cannot be disclosed outside authorized agencies without permission.

Temporary holds on transactions

  • A reporting person may place a temporary hold on a transaction or disbursement from the specified adult’s account (or a beneficiary account) if:
    • They have reporting duties under law/regulation,
    • They reasonably believe exploitation has occurred, is occurring, or will be attempted.
    • They notify within 2 business days all parties authorized to transact on the account and any adult or legal representative age 18+ authorized to be contacted about the account.
  • Hold duration (default): expires at the earlier of
    • A determination that the disbursement/transaction will not result in exploitation, or
    • 15 business days after placement; may extend to 30 business days if internal review supports continued risk.
  • Agencies may terminate or extend the hold.
  • Notification cannot be sent to individuals reasonably suspected of exploitation.

Records, disclosure, and immunity

  • Reporting persons must provide access to or copies of records relevant to suspected exploitation to authorized agencies and to law enforcement or adult protective services as appropriate.
  • Agencies may share general status or final disposition of related investigations with the reporting person.
  • Good-faith disclosures, holds, and record access provide immunity from administrative or civil liability, unless clear and convincing evidence shows bad faith or intent to harm.

Effective date and emergency

  • Effective July 1, 2025, with an emergency declaration component.

Fiscal impact

  • The fiscal note states no additional state or local expenditures or revenue impact; the bill is asserted to have no fiscal impact.

Who is affected

  • Specified adults (65+ or impaired 18+), reporting persons (broker-dealers, investment advisers, financial institutions), authorized agencies (Idaho Commission on Aging and Department of Finance), and potentially other investigative/law enforcement entities involved in adult protective services.

Compiled from official sources — confirm details with the bill’s official record.

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