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Synopsis As Introduced Amends the Office of Banks and Real Estate Act. Requires the Commissioner of Banks and Real Estate to work in cooperation with the Director of Aging to ensure that all financial institutions regulated by the Office of Banks and Real Estate participate fully in the Department on Aging's financial exploitation of the elderly intervention program. Effective immediately.
Fiscal Note (Office of Banks and Real Estate)
Annual fiscal impact of $365,563.
Senate Committee Amendment No. 1 Provides that the Commissioner of Banks and Real Estate must cooperate with the Director of Aging to encourage financial institutions to participate (instead of "ensure that all financial institutions participate") in the financial exploitation of the elderly intervention program.
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