Terms Used In Utah Code > Title 7 > Chapter 26 > Part 2 - General Prevention of Financial Exploitation

• Adult Protective Services: means the same as that term is defined in Section 26B-6-201. See Utah Code 7-26-102
• Covered financial institution: means any of the following that operate in the state:
       (2)(a) a state or federally chartered:

            (2)(a)(i) bank;

            (2)(a)(ii) savings and loan association;

            (2)(a)(iii) savings bank;

            (2)(a)(iv) industrial bank;

            (2)(a)(v) credit union;

            (2)(a)(vi) trust company; or

            (2)(a)(vii) depository institution; or
       (2)(b) a financial institution. See Utah Code 7-26-102
• Credit union: means a cooperative, nonprofit association incorporated under:
       (6)(a) Chapter 9, Utah Credit Union Act; or
       (6)(b) Utah Code 7-1-103
• Financial exploitation: means :
       (3)(a) the wrongful or unauthorized taking, withholding, appropriation, or use of money, assets, or other property of an individual; or
       (3)(b) an act or omission, including through a power of attorney, guardianship, or conservatorship of an individual, to:

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

            (3)(b)(ii) convert the individual's money, assets, or other property to deprive the individual of the ownership, use, benefit, or possession of the individual's money, assets, or other property. See Utah Code 7-26-102
• Financial institution: means an institution subject to the jurisdiction of the department because of this title. See Utah Code 7-1-103
• Institution: means :
       (19)(a) a corporation;
       (19)(b) a limited liability company;
       (19)(c) a partnership;
       (19)(d) a trust;
       (19)(e) an association;
       (19)(f) a joint venture;
       (19)(g) a pool;
       (19)(h) a syndicate;
       (19)(i) an unincorporated organization; or
       (19)(j) any form of business entity. See Utah Code 7-1-103
• Law enforcement agency: means the same as that term is defined in Section 53-1-102. See Utah Code 7-26-102
• Qualified individual: means :
       (5)(a) a branch manager of a covered financial institution; or
       (5)(b) a director, officer, employee, agent, or other representative that a covered financial institution designates. See Utah Code 7-26-102
• Vulnerable adult: means :
       (8)(a) an individual who is 65 years old or older; or
       (8)(b) the same as that term is defined in Section 26B-6-201. See Utah Code 7-26-102