The Nebraska Protection of Vulnerable Adults from Financial Exploitation Act permits a qualified person to notify the Nebraska Department of Banking and Finance (NDBF) and the Adult Protective Services Division of the Department of Health and Human Services (DHHS APS) when the qualified person reasonably believes that financial exploitation of an eligible adult may have occurred, may have been attempted, or is occurring or being attempted.
Additionally, the Act requires a broker-dealer or investment adviser to notify NDBF and DHHS APS within two business days after placing a hold on transaction or disbursement when the firm reasonably believes that the requested transaction or disbursement may result in financial exploitation of an eligible adult.
Qualified person includes the following:
- Broker-dealers
- Investment advisers
- Agents
- Investment adviser representatives
- A person who serves in a supervisory, compliance or legal capacity for a broker-dealer or investment adviser
Eligible adult includes
- A senior adult age 65 years or older
- A person eighteen years of age or older who has a substantial mental or functional impairment or for whom a guardian or conservator has been appointed under the Nebraska Probate Code
To make a report to NDBF, please do the following:
- Complete the Nebraska Senior or Vulnerable Adult Report Form.pdf
- Submit the report and any supporting documentation via ShareFile here.
To make a report to DHHS APS, call (800) 652-1999 or file a report online here.
If the eligible adult is in immediate danger, please call 911.
