# Maryland HB 1008: Fiduciary Institutions - Exploitation of Seniors and Vulnerable Adults - Protections and Required Referral (Vulnerable Adult Banking Protection Act)

Maryland HB 1008, Fiduciary Institutions - Exploitation of Seniors and Vulnerable Adults - Protections and Required Referral (Vulnerable Adult Banking Protection Act), is a 2026 Regular Session House bill sponsored by Pam Queen (Democratic); status signed, last action 2026-05-12 (Approved by the Governor - Chapter 510) (as of 2026-10-19).

- Canonical: https://policyrisk.com/state-bill/MD-HB1008-2026RS
- As of: 2026-10-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Maryland HB 1008
- State: Maryland
- Session: 2026 Regular Session
- Title: Fiduciary Institutions - Exploitation of Seniors and Vulnerable Adults - Protections and Required Referral (Vulnerable Adult Banking Protection Act)
- Status: signed
- Chamber: House
- Introduced: 2026-02-06
- Last action: 2026-05-12, Approved by the Governor - Chapter 510
- Sponsor: Pam Queen (Democratic)
- Cosponsors: 1
- Subjects: Financial Institutions, Elderly, Beneficiaries, Consumer Protection, Courts -see also- AppCt; Circuit; District; Orphans'; etc., Disclosure, Elderly Persons (65+) -see also- Elder Abuse and Neglect, Ethics, Fiduciaries, Fraud -see also- Forgery, Jurisdiction, Law Enforcement -see also- SRO; Sheriffs; State Police, Liability, Notices, Privacy, Records -see also- Land Records; Vital Records, Safety -see also- Occupational Safety, Social Services -see also- Public Benefits, State's Attorneys, Time, Vulnerable Adults -see also- DevDisab; EldPers; PhysDisab
- Touches household money: no
- Roll calls: 2 (179 yes, 0 no in all)
- Economic provisions PRIA read: 2

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Who is protected from financial exploitation: benefit, medium. Beginning October 1, 2026, the law protects Maryland residents age 65 or older or vulnerable adults. A vulnerable adult is someone who cannot meet daily needs because of physical or mental limits. The law defines financial exploitation. It includes wrongful or unauthorized taking or misuse of money…
- Banks can pause suspicious payouts for seniors and vulnerable adults: mixed, medium. Beginning October 1, 2026, covered banks and credit unions can pause or refuse a suspicious payout. Covered institutions include national and state banks, out-of-state banks with Maryland branches, credit unions, and savings and loans. They may act when they reasonably believe the payout may exploi…

## Sponsors and cosponsors

- Sponsor: Pam Queen (Democratic), House
- Cosponsor: Ryan Spiegel (Democratic), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-04-06 | Senate | Third Reading Passed | pass | 46 | 0 |   |
| 2026-03-18 | House | Third Reading Passed | pass | 133 | 0 | 3 |

## Actions (12)

- 2026-05-12: Approved by the Governor - Chapter 510
- 2026-04-07: Returned Passed (House)
- 2026-04-06: Third Reading Passed (46-0) (Senate)
- 2026-03-31: Favorable Adopted Second Reading Passed (Senate)
- 2026-03-30: Favorable Report by Finance (Senate)
- 2026-03-19: Referred Finance (Senate)
- 2026-03-18: Third Reading Passed (133-0) (House)
- 2026-03-17: Favorable Adopted Second Reading Passed (House)
- 2026-03-16: Favorable Report by Economic Matters (House)
- 2026-02-18: Hearing 3/10 at 1:00 p.m. (House)
- 2026-02-11: Reassigned to Economic Matters (House)
- 2026-02-06: First Reading Judiciary (House)

## Bill text

- Enacted, 2026-05-12: [PDF](https://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_510_hb1008t.pdf)
- Third Reading, 2026-03-17: [PDF](https://mgaleg.maryland.gov/2026RS/bills/hb/hb1008t.pdf)
- First Reading, 2026-02-06: [PDF](https://mgaleg.maryland.gov/2026RS/bills/hb/hb1008f.pdf)

## Related bills

- SB 0496: Maryland Medical Assistance Program - Coverage for the Treatment of Obesity - Authorization (became law)
- SB 0366: Motor Vehicles - Intelligent Speed Assistance System Pilot Program - Establishment (became law)
- SB 0244: Code Revision - Health - Maryland Medical Assistance Program (became law)
- SB 0148: Income Tax - Credit for 9-1-1 Specialist Retirement Income (Supporting Our 9-1-1 Specialists Act) (became law)
- SB 0016: Child Support - Earnings Withholdings Limits (became law)
- HB 0529: Code Revision - Health - Maryland Medical Assistance Program (became law)

## Sources
- [Enacted (PDF)](https://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_510_hb1008t.pdf)
- [Third Reading (PDF)](https://mgaleg.maryland.gov/2026RS/bills/hb/hb1008t.pdf)
- [First Reading (PDF)](https://mgaleg.maryland.gov/2026RS/bills/hb/hb1008f.pdf)

## Related
- [SB 0496: Maryland Medical Assistance Program - Coverage for the Treatment of Obesity - A…](https://policyrisk.com/state-bill/MD-SB0496-2026RS)
- [SB 0366: Motor Vehicles - Intelligent Speed Assistance System Pilot Program - Establishm…](https://policyrisk.com/state-bill/MD-SB0366-2026RS)
- [SB 0244: Code Revision - Health - Maryland Medical Assistance Program](https://policyrisk.com/state-bill/MD-SB0244-2026RS)
- [SB 0148: Income Tax - Credit for 9-1-1 Specialist Retirement Income (Supporting Our 9-1-…](https://policyrisk.com/state-bill/MD-SB0148-2026RS)
- [SB 0016: Child Support - Earnings Withholdings Limits](https://policyrisk.com/state-bill/MD-SB0016-2026RS)
- [HB 0529: Code Revision - Health - Maryland Medical Assistance Program](https://policyrisk.com/state-bill/MD-HB0529-2026RS)
- [Maryland bills](https://policyrisk.com/states/maryland/bills)
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Source: PRIA, https://policyrisk.com/state-bill/MD-HB1008-2026RS (as of 2026-10-19).