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Texas Finance Code - FIN § 281.001. Definitions

Current as of January 01, 2024 | Updated by Findlaw Staff

In this chapter:

(1) “Department” means the Department of Family and Protective Services.

(2) “Exploitation” means the act of forcing, compelling, or exerting undue influence over a person causing the person to act in a way that is inconsistent with the person's relevant past behavior or causing the person to perform services for the benefit of another person.

(3) “Financial exploitation” means:

(A) the wrongful or unauthorized taking, withholding, appropriation, or use of the money, assets, or other property or the identifying information of a person; or

(B) an act or omission by a person, including through the use of a power of attorney on behalf of, or as the conservator or guardian of, another person, to:

(i) obtain control, through deception, intimidation, fraud, or undue influence, over the other person's money, assets, or other property to deprive the other person of the ownership, use, benefit, or possession of the property; or

(ii) convert the money, assets, or other property of the other person to deprive the other person of the ownership, use, benefit, or possession of the property.

(4) “Financial institution” has the meaning assigned by Section 277.001.

(5) “Vulnerable adult” means:

(A) an elderly person as that term is defined by Section 48.002, Human Resources Code; or

(B) a person with a disability as that term is defined by Section 48.002, Human Resources Code.

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Cite this article: FindLaw.com - Texas Finance Code - FIN § 281.001. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-281-001/

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