26RS HB 794

House Bill 794

Actions

Last Action	03/02/26: to Committee on Committees (H)
Title	AN ACT relating to financial exploitation.
Bill Documents	Introduced
Fiscal Impact Statement	Corrections Impact
Bill Request Number	1884
Sponsors	M. Lockett, M. Pollock
Summary of Original Version	Amend KRS 209.990 to add persons age 65 and older to who can be a victim of exploitation; increase the amount of money lost to a person who knowingly exploits a victim from more than $300 to more than $500 and increase the penalty from a Class C felony to a Class B felony; increase the amount of money lost to a person who wantonly or recklessly exploits a victim from more than $300 to more than $500 and increase the penalty from a Class D felony to a Class C felony; increase the amount of money lost to a person who knowingly, wantonly, or recklessly exploits a victim from $300 or less to $500 or less and increase the penalty from a Class A misdemeanor to a Class D felony; allow the Attorney General to demand the Governor of another state to surrender a person found in another state who is charged in Kentucky with exploitation; amend KRS 292.338 to require registered investment advisor representatives to complete at least 3 hours of continuing education covering financial exploitation each reporting period; amend KRS 365.245 to require a qualified person to create and maintain a record of a temporary hold, develop training policies and programs and conduct training on issues regarding financial exploitation, and develop, maintain, and enforce procedures regarding internal review before placing a temporary hold a specified adult's account.
Index Headings of Original Version	Corrections Impact - Exploitation, victim age 65 or older, establishment Attorney General - Extradition, person charged with exploitation Banks And Financial Institutions - Qualified persons, financial exploitation, procedures and training requirement Banks And Financial Institutions - Registered investment advisor representatives, continuing education, 3 hours financial exploitation Crimes And Punishments - Exploitation, loss of $500 or less, loss of more than $500, penalty enhancement Crimes And Punishments - Exploitation, victim age 65 or older, establishment Criminal Procedure - Exploitation, loss of $500 or less, loss of more than $500, penalty enhancement Criminal Procedure - Exploitation, victim age 65 or older, establishment Occupations And Professions - Registered investment advisor representatives, continuing education, 3 hours financial exploitation