Financial Fraud Bill signed

Posted: December 3rd, 2009 | Author: | Filed under: Legal and Law | Comments Off on Financial Fraud Bill signed

With more and more older American citizens living in the Golden State than in any other state in the union, the Governor signed legislation on July 12 to aid in protecting older residents from fraud.Incidentially this credit repair attorney which likewise does bankruptcy and credit repair attorney cases in Baltimore. Just last year, the Governor signed SB 1609 by Senator Joseph Simitian, (a Democrat from Palo Alto) which helps in protecting senior citizens from various unethical lenders when they go into reverse mortgages. And in 2005, he signed SB 1018 by Senator Simitian which guards seniors from financial abuse by requiring bank, savings and loan, and credit union workers who suspect possible elder financial abuse to notify the Adult Protective Services right away.

According to the California Dept. of Social Services statistics, the number of abuse reports in California has grown by nearly a quarter, from about 75,000 in 2000-01 to some 93,000 or so in 2005-06. Pretty frightening stuff when you stop to think about it. To find some quality Los Angeles personal injury attorneys who can help with cases of elder abuse as well as many types of injuries, accidents, automobile crashes and so forth, take a look at the site mentioned above. They are among the best in Orange County as well as the greater Los Angeles area.


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