GREENSBORO, N.C. — Governor Stein signed four bills into law before the holiday weekend. One of them, Senate Bill 595. A  portion of it is designed to stop scammers from getting your money. 

Section 13 allows a bank teller to delay or refuse a transaction from the account of a disabled adult or older adult if the employee or bank believes financial exploitation is being attempted based on observation or any information learned during the exchange.

The delay is for 30 business days to protect the consumer. And the law provides for five years of record keeping to alert the financial institution of any kind of pattern of exploitation.

The law also allows the bank or credit union to notify a trusted contact of the adult about the fraud or attempted fraud. The law also gives the financial institution the ability not to notify the trusted contact if it's believed the contact is the one trying to get money from the older adult. In that case,  law enforcement would be notified.