Establishing a commission to study the financial abuse of elders

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Plain-English Summary

This bill would create a commission to study and propose policies to prevent financial abuse of elders in Massachusetts. The commission would include lawmakers, legal experts, and representatives from elder advocacy groups, financial institutions, and real estate organizations. It would examine the economic impact of elder financial abuse, predatory lending, property exploitation, and various fraud schemes, then report its findings and recommendations by December 31, 2026.

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