# Maryland SB 0753: Fiduciary Institutions - Exploitation of Seniors and Vulnerable Adults - Protections and Required Referral (Vulnerable Adult Banking Protection Act)

Maryland SB 0753, Fiduciary Institutions - Exploitation of Seniors and Vulnerable Adults - Protections and Required Referral (Vulnerable Adult Banking Protection Act), is a 2026 Regular Session Senate bill sponsored by Benjamin F. Kramer (Democratic); status signed, last action 2026-05-12 (Approved by the Governor - Chapter 511) (as of 2026-10-19).

- Canonical: https://policyrisk.com/state-bill/MD-SB0753-2026RS
- As of: 2026-10-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Maryland SB 0753
- 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: Senate
- Introduced: 2026-02-06
- Last action: 2026-05-12, Approved by the Governor - Chapter 511
- Sponsor: Benjamin F. Kramer (Democratic)
- Cosponsors: 0
- 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 (174 yes, 0 no in all)
- Economic provisions PRIA read: 3

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Alerts and records sharing to stop exploitation: benefit, medium. Beginning October 1, 2026, banks must give Adult Protective Services, police, or the State’s Attorney relevant account records for suspected exploitation. This can include past and recent transactions, and these records are not public. If a bank reasonably suspects exploitation, it may notify the e…
- Who qualifies and which banks must act: benefit, medium. Beginning October 1, 2026, the law sets who is protected and which banks are covered. You are an eligible adult if you live in Maryland and are 65 or older, or you are a vulnerable adult. A vulnerable adult is an adult who lacks the physical or mental ability to meet daily needs. Financial exploita…
- Banks can pause suspicious withdrawals: mixed, medium. Beginning October 1, 2026, banks and credit unions can delay or deny a payment when they reasonably think it may be financial exploitation. Within 4 business days, they must send written notice to all authorized parties, except anyone they reasonably suspect is the exploiter, and notify Adult Prote…

## Sponsors and cosponsors

- Sponsor: Benjamin F. Kramer (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-04-13 | House | Third Reading Passed | pass | 136 | 0 | 4 |
| 2026-03-20 | Senate | Third Reading Passed | pass | 38 | 0 | 3 |

## Actions (12)

- 2026-05-12: Approved by the Governor - Chapter 511
- 2026-04-13: Returned Passed (Senate)
- 2026-04-13: Third Reading Passed (136-0) (House)
- 2026-04-08: Favorable Adopted Second Reading Passed (House)
- 2026-04-08: Favorable Report by Economic Matters (House)
- 2026-03-23: Referred Economic Matters (House)
- 2026-03-20: Third Reading Passed (38-0) (Senate)
- 2026-03-20: Second Reading Passed (Senate)
- 2026-03-20: Favorable Adopted (Senate)
- 2026-03-20: Favorable Report by Finance (Senate)
- 2026-02-12: Hearing 3/12 at 1:00 p.m. (Senate)
- 2026-02-06: First Reading Finance (Senate)

## Bill text

- Enacted, 2026-05-12: [PDF](https://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_511_sb0753t.pdf)
- Third Reading, 2026-03-20: [PDF](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0753t.pdf)
- First Reading, 2026-02-06: [PDF](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0753f.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_511_sb0753t.pdf)
- [Third Reading (PDF)](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0753t.pdf)
- [First Reading (PDF)](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0753f.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)
- [Maryland state hub](https://policyrisk.com/states/maryland)
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Source: PRIA, https://policyrisk.com/state-bill/MD-SB0753-2026RS (as of 2026-10-19).