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 Bill Text - AB-871 Mandated reporters of suspected financial abuse of an elder or dependent adult.

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 |Add To My Favorites |Track Bill | Version: 06/22/26 - Amended Senate
 01/16/26 - Amended Assembly
 02/19/25 - Introduced

 AB-871 Mandated reporters of suspected financial abuse of an elder or dependent adult.(2025-2026)

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 Date Published: 06/22/2026 02:00 PM

AB871:v97#DOCUMENTBill Start

 Amended
 IN 
 Senate
 June 22, 2026

 Amended
 IN 
 Assembly
 January 16, 2026

 CALIFORNIA LEGISLATURE—
 2025–2026 REGULAR SESSION

 Assembly Bill

No. 871

Introduced by Assembly Member Stefani
(Coauthors: Assembly Members Bauer-Kahan, Connolly, Dixon, Harabedian, Kalra, Pacheco, Papan, Schiavo, and Zbur)
(Coauthor: Senator Grayson)

February 19, 2025

 An act to amend amend, repeal, and add Section 15630.1 of the Welfare and Institutions Code, relating to elder and dependent adults.

LEGISLATIVE COUNSEL'S DIGEST

AB 871, as amended, Stefani.
 Mandated reporters of suspected financial abuse of an elder or dependent adult.

Existing law, the Elder Abuse and Dependent Adult Civil Protection Act, establishes procedures for the reporting, investigation, and prosecution of elder and dependent adult abuse. Existing law requires a mandated reporter of suspected financial abuse of an elder or dependent adult, as defined, to report financial abuse in a specified manner, including by telephone or through a confidential internet reporting tool, as specified, immediately, or as soon as practicably possible. If reported by telephone, existing law requires a written report to be sent, or an internet report to be made through the internet reporting tool, to the local adult protective services agency or the local law enforcement agency within 2 working days. Existing law deems specified persons
 all officers and employees of a financial institution to be mandated reporters of suspected financial abuse of an elder or dependent adult, including, among others, all officers and employees of a financial institution. adult. A mandated reporter who fails to report financial abuse of an elder or dependent adult is liable for civil penalties, as specified.

If a report of financial abuse is made by a mandated reporter, as described above, this bill would also require a report to be made to the Federal Bureau of Investigation Internet Crime Complaint Center within 2 working days. Within 48 hours of filing a report, the bill would require a financial institution to
 notify the elder or dependent adult identified in the report, as specified, and provide additional required information. The bill would require a financial institution to provide annual training to its mandated reporters on how to escalate internally and report suspected financial abuse of an elder or a dependent adult to both local and federal authorities, as specified. If suspected financial abuse of an elder or dependent adult is discovered within 48 hours of a transaction, the bill would require a financial institution to share information on reporting
 mechanisms, as specified, with the impacted elder or dependent adult within 24 to 48 hours. The bill would specify that violations of these provisions would not incur the above-described liability for civil penalties. The bill would make its provisions operative on January 1, 2028.

Digest Key

 Vote:
 MAJORITY 
 Appropriation:
 NO 
 Fiscal Committee:
 NO 
 Local Program:
 NO 

Bill Text

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

SECTION 1.

 Section 15630.1 of the Welfare and Institutions Code is amended to read:

15630.1.

 (a) As used in this section, “mandated reporter of suspected financial abuse of an elder or dependent adult” means all officers and employees of financial institutions.

(b) As used in this section, the term “financial institution” means any of the following:

(1) A depository institution, as defined in Section 3(c) of the Federal Deposit Insurance Act (12 U.S.C. Sec. 1813(c)).

(2) An institution-affiliated party, as defined in Section 3(u) of the Federal Deposit Insurance Act (12 U.S.C. Sec. 1813(u)).

(3) A federal credit union or state credit union, as defined in
 Section 101 of the Federal Credit Union Act (12 U.S.C. Sec. 1752), including, but not limited to, an institution-affiliated party of a credit union, as defined in Section 206(r) of the Federal Credit Union Act (12 U.S.C. Sec. 1786(r)).

(c) As used in this