Are there any laws that protect nursing home residents from financial exploitation?

Yes, there are laws in New Jersey protecting nursing home residents from financial exploitation. The New Jersey Nursing Home Resident Financial Protection Act was enacted in 2017 to protect nursing home residents from being taken advantage of financially. This law requires that nursing homes have measures in place for protecting residents’ finances, such as reviewing financial accounts and transactions, carrying out background checks on employees, and requiring and monitoring the use of power of attorney documents. Furthermore, the law requires that all nursing home employees take an orientation course on financial exploitation prevention and receive regular training on the issue. Additionally, the 2017 law also requires that nursing homes provide residents with a written statement of their rights, which includes the right to open a personal financial account or control their personal finances, the right to refuse or revoke a power of attorney, the right to receive statements of receipts and disbursements, and the right to file a complaint. Additionally, the law provides protections for those who report abuse or neglect to an appropriate authority. In summary, the laws in New Jersey provide nursing home residents with the legal protections for their finances and for those who suspect and report abuse or neglect. The New Jersey Nursing Home Resident Financial Protection Act is an important part of the state’s efforts to keep residents safe from financial exploitation.

Are there any laws that protect nursing home residents from financial exploitation?

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