Recognize & Report Elder Financial Abuse

Recognize & Report Elder Financial Abuse

A new consumer brochure from the National Reverse Mortgage Lenders Association helps seniors and their loved ones recognize common scams and signs of financial exploitation. The free resource also includes contact information for government authorities and victim support organizations.

Download & Print the Trifold Brochure:

  1. Save the PDF to your computer
  2. Print two sided, Portrait, flip on short edge 

To Personalize the Trifold Brochure with Your Contact Information:

  1. Save the PDF to your computer
  2. Enter your contact information in text box on the blue panel
  3. Save the updated PDF
  4. Print two sided, Portrait, flip on short edge

Elder financial abuse, also known as financial exploitation, is the illegal or unauthorized use of an older adult’s funds or resources for the benefit of someone other than the older adult. This includes fraud, theft, and acts of deception to gain control over a senior’s money or property.

Each year, an estimated five million, or one in ten, older Americans are victims of elder abuse, neglect or exploitation. Financial abuse costs older Americans more than $2.6 billion dollars annually.

Common signs of elder financial abuse include unpaid bills, eviction notices, or notices to discontinue utilities; withdrawals from bank accounts or transfers between accounts that the older person cannot explain; new “best friends;” and a caregiver who expresses excessive interest in the amount of money being spent on the older person.

Share this important information with your clients today.

Published by

Darryl Hicks

Darryl Hicks is Vice President of Communications for the National Reverse Mortgage Lenders Association. In this capacity, Hicks writes for NRMLA's publications, manages the association's web sites and social media accounts, assists committees and the Board of Directors, and manages the Certified Reverse Mortgage Professional designation. Prior to joining NRMLA in 1999, Hicks spent three years in the Washington, D.C. bureau for National Mortgage News.