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Committee advances bill to give public administrators enforcement power when banks delay access to estates
Summary
The Assembly Judiciary Committee voted to send AB1660 to the floor after the author agreed to amend a mandatory penalty to judicial discretion. Supporters said banks routinely delay access to accounts for public administrators; bankers warned penalties are not the right fix amid modern fraud risks.
Assemblymember Schiavo’s AB1660, which would create a judicial enforcement mechanism to compel financial institutions to comply with lawful requests from county public administrators, advanced out of the Assembly Judiciary Committee on a motion to re-refer to the Banking Committee.
Supporters, including county public administrators and the California Association of Public Administrators, Guardians and Conservators, described repeated delays by banks when officials present a certificate of authority. "We go in and we say, ‘Hello, I'm the public administrator.' Here's my badge,"…
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