States / Washington / HB 1900

HB 1900 In Committee

Enhancing consumer protections against financial fraud.

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 H-1210.1

HOUSE BILL 1900

State of Washington

69th Legislature

2025 Regular Session

By Representatives Doglio, Berry, Parshley, Simmons, Ormsby, Ramel, Hill, Macri, and Pollet

Read first time 02/07/25. Referred to Committee on Consumer Protection & Business.

AN ACT Relating to enhancing consumer protections against financial fraud; amending RCW 74.34.215 , 30A.22.210 , and 30A.22.020 ; adding a new section to chapter 30A.22 RCW; and adding a new section to chapter 21.20 RCW.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

Sec. 1. RCW 74.34.215 and 2010 c 133 s 3 are each amended to read as follows:

(1) Pending an investigation by the financial institution, the department, or law enforcement, if a financial institution reasonably believes that financial exploitation of a vulnerable adult may have occurred, may have been attempted, or is being attempted, the financial institution shall immediately notify the department and the department of financial institutions, comply with subsection (8) of this section, and may, but is not required to, refuse a transaction requiring disbursal of funds contained in the account:

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