Texas § FI.281.004 - TEMPORARY HOLD ON TRANSACTIONS IN CERTAIN CASES OF SUSPECTED FINANCIAL EXPLOITATI
Full text of Texas The Texas Constitution § FI.281.004 — TEMPORARY HOLD ON TRANSACTIONS IN CERTAIN CASES OF SUSPECTED FINANCIAL EXPLOITATI, with citation guidance and answers to common questions.
§ FI.281.004. TEMPORARY HOLD ON TRANSACTIONS IN CERTAIN CASES OF SUSPECTED FINANCIAL EXPLOITATI
TEMPORARY HOLD ON TRANSACTIONS IN CERTAIN CASES OF SUSPECTED FINANCIAL EXPLOITATION OF VULNERABLE ADULTS. (a) Notwithstanding any other law, a financial institution: (1) may place a hold on any transaction that involves an account of a vulnerable adult if the financial institution: (A) submits a report of suspected financial exploitation of the vulnerable adult to the department under Section 281.002 (b); and (B) has cause to believe the transaction is related to the suspected financial exploitation alleged in the report; and (2) must place a hold on any transaction involving an account of a vulnerable adult if the hold is requested by the department or a law enforcement agency. (b) Subject to Subsection (c), a hold placed on any transaction under Subsection (a) expires on the 10th business day after the date the hold is placed. (c) The financial institution may extend a hold placed on any transaction under Subsection (a) for a period not to exceed 30 business days after the expiration of the period prescribed by Subsection (b) if requested by a state or federal agency or a law enforcement agency investigating the suspected financial exploitation. The financial institution may also petition a court to extend a hold placed on any transaction under Subsection (a) beyond the period prescribed by Subsection (b). A court may enter an order extending or shortening a hold or providing other relief. (d) Each financial institution shall adopt internal policies, programs, plans, or procedures for placing a hold on a transaction involving an account of a vulnerable adult under this section. Added by Acts 2017, 85th Leg., R.S., Ch. 376 (H.B. 3921 ), Sec. 1, eff. September 1, 2017. Redesignated from Finance Code, Chapter 280 by Acts 2019, 86th Leg., R.S., Ch. 467 (H.B. 4170 ), Sec. 21.001(19), eff. September 1, 2019. Amended by: Acts 2019, 86th Leg., R.S., Ch. 467 (H.B. 4170 ), Sec. 21.002(7), eff. September 1, 2019. Acts 2021, 87th Leg., R.S., Ch. 502 (H.B. 4477 ), Sec. 2, eff. September 1, 2021.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.281.004
What does The Texas Constitution § FI.281.004 cover?
Section FI.281.004 ("TEMPORARY HOLD ON TRANSACTIONS IN CERTAIN CASES OF SUSPECTED FINANCIAL EXPLOITATI") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § FI.281.004?
A common citation format is "The Texas Constitution § FI.281.004" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.281.004 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.