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OklahomaSB 2067Oklahoma 2026 Regular SessionSenateWALLET

Financial institutions; Financial Privacy Act; permitting disclosure or release of information for investigations of financial exploitation of protected adults. Effective date.

Sponsored By: Jerry Alvord (Republican)

Signed by Governor

Senate Committee

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 3 benefits, 0 costs, 0 mixed.

Banks can pause suspicious transfers for protected adults

Beginning November 1, 2026, banks in Oklahoma may place a temporary hold when they suspect financial exploitation of a protected adult. They must tell authorized parties and any trusted contact within three business days and start an internal review. Holds end when abuse is ruled out or after 10 business days, and can extend to 20 business days with review or an agency request; an agency or court may also end or extend a hold. Employees must report concerns to their bank, and the bank must notify the proper agency. The bank may tell a trusted contact or another associated person, but it cannot alert a suspected exploiter. Banks and staff are protected from liability for good‑faith reports or holds. Banks are not required to place a hold.

Banks share records in abuse investigations

Beginning November 1, 2026, when an agency certifies it is investigating financial exploitation of a protected adult, a bank must keep records and may provide relevant records. At the agency’s request, the bank may give account statements covering 90 days before and up to 60 days after the alleged act, plus items like overdrafts, deposits, signature cards, powers of attorney, address changes, and available surveillance images. These targeted disclosures are allowed despite the state Financial Privacy Act, but all sharing still follows state and federal law. Requests outside this investigation path must meet the usual Financial Privacy Act rules.

Protections start November 1, 2026

The law takes effect on November 1, 2026. All duties, notices, and protections begin on that date.

Sponsors & Cosponsors

Sponsor

  • Jerry Alvord

    Republican • Senate

Cosponsors

  • Mark Lepak

    Republican • House

  • Mark Mann

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 131 • No: 0

House vote • 4/29/2026

Top_of_Page

Yes: 81 • No: 0

House vote • 4/15/2026

DO PASS

Yes: 17 • No: 0

House vote • 4/15/2026

DO PASS

Yes: 17 • No: 0

House vote • 4/7/2026

DO PASS

Yes: 8 • No: 0

House vote • 4/7/2026

DO PASS

Yes: 8 • No: 0

Senate vote • 3/16/2026

THIRD READING

Yes: 0 • No: 0

Senate vote • 2/5/2026

Top_of_Page

Yes: 0 • No: 0

Actions Timeline

  1. Approved by Governor 05/06/2026

    5/6/2026Senate

  2. Sent to Governor

    4/30/2026Senate

  3. Signed, returned to Senate

    4/30/2026House

  4. Enrolled, to House

    4/30/2026Senate

  5. Referred for enrollment

    4/29/2026Senate

  6. Signed, returned to Senate

    4/29/2026House

  7. Third Reading, Measure passed: Ayes: 81 Nays: 0

    4/29/2026House

  8. General Order

    4/29/2026House

  9. CR; Do Pass Government Oversight Committee

    4/15/2026House

  10. Policy recommendation to the Government Oversight committee; Do Pass Banking, Financial Services and Pensions

    4/8/2026House

  11. Referred to Banking, Financial Services and Pensions

    3/30/2026House

  12. Second Reading referred to Government Oversight

    3/30/2026House

  13. First Reading

    3/17/2026House

  14. Engrossed to House

    3/17/2026Senate

  15. Referred for engrossment

    3/16/2026Senate

  16. Measure passed: Ayes: 46 Nays: 0

    3/16/2026Senate

  17. General Order, Amended by Floor Substitute

    3/16/2026Senate

  18. Coauthored by Senator Mann

    2/18/2026Senate

  19. Coauthored by Representative Lepak (principal House author)

    2/16/2026Senate

  20. Placed on General Order

    2/10/2026Senate

  21. Reported Do Pass Business and Insurance committee; CR filed

    2/5/2026Senate

  22. Second Reading referred to Business and Insurance

    2/3/2026Senate

  23. Authored by Senator Alvord

    2/2/2026Senate

  24. First Reading

    2/2/2026Senate

Bill Text

  • Enrolled (final version)

    4/30/2026

    PDF

  • Floor (House)

    4/18/2026

    PDF

  • House Committee Report

    4/15/2026

    PDF

  • House Policy Committee Report

    4/8/2026

    PDF

  • Engrossed

    3/17/2026

    PDF

  • Floor (Senate)

    2/9/2026

    PDF

  • Senate Committee Report

    2/5/2026

    PDF

  • Introduced

    1/15/2026

    PDF

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