HB26-1110 • 2026

Vulnerable Adult Financial Exploitation Banking

The bill creates the 'Adults' Security and Safeguards from Exploitation in Transactions Act' or the 'ASSET Act'. The bill requires or authorizes a qualified individual at a bank or credit union (finan

Labor Technology

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Rep. S. Camacho, Rep. J. Jackson, Sen. M. Catlin, Sen. J. Danielson, Sen. C. Simpson, Rep. M. Duran, Rep. C. Espenoza, Rep. R. Gonzalez, Rep. E. Hamrick, Rep. S. Lieder, Rep. K. McCormick, Rep. K. Nguyen, Sen. M. Ball, Sen. J. Bridges, Sen. J. Carson, Sen. J. Coleman, Sen. L. Cutter, Sen. T. Exum, Sen. N. Hinrichsen, Sen. I. Jodeh, Sen. C. Kipp, Sen. C. Kolker, Sen. J. Marchman, Sen. R. Rodriguez, Sen. M. Snyder, Sen. T. Sullivan, Sen. K. Wallace
Last action: 2026-04-20
Official status: Senate Third Reading Passed - No Amendments
Effective date: Not listed

Plain English Breakdown

Checked against official source text during the last sync.

Adults' Security and Safeguards from Exploitation in Transactions Act (ASSET Act)

The ASSET Act requires banks and credit unions to report suspected financial exploitation of vulnerable adults and allows them to delay disbursements if they suspect such exploitation.

What This Bill Does

Requires a bank or credit union employee to notify local law enforcement or adult protective services if they reasonably believe an eligible adult is being financially exploited.
Allows banks and credit unions to delay payments from an account if there's suspicion of financial exploitation, provided the reason for the delay is communicated in writing within two business days.
Gives banks and credit unions up to 90 days (or 180 days if waiting on a law enforcement investigation) to review suspected cases of financial exploitation before making a final decision.
Ensures that banks and credit unions are protected from legal action as long as their actions or inactions were made in good faith.
Requires banks to provide relevant records about suspected financial exploitation to state agencies and local law enforcement, but these records are not public.

Who It Names or Affects

Banks and credit unions
Vulnerable adults aged 70 or older, or those who may be susceptible to mistreatment due to their age or mental capacity.
Local law enforcement and adult protective services agencies

Terms To Know

Eligible Adult: An individual aged 70 or older, or someone over 18 who is susceptible to mistreatment due to their age or mental capacity.
Financial Exploitation: Using deception, harassment, intimidation, undue influence, or other means to deprive an eligible adult of the use, benefit, or possession of anything of value.

Limits and Unknowns

The bill does not specify a clear effective date.
It is unclear how this legislation will be enforced and what penalties may apply for non-compliance by financial institutions.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

H.001

Committee of the Whole

Lost

Plain English: AMENDMENT TO REPORT OF THE COMMITTEE OF THE WHOLE HB1110_H.001 DATE 3/6/2026 Representative Woodrow moved to amend the Report of the Committee of the Whole to reverse the action taken by the Committee in not adopting the following Woodrow amendment, (L.011) to HB26-1110, to show that said amendment passed and that HB26-1110, as amended, passed.

AMENDMENT TO REPORT OF THE COMMITTEE OF THE WHOLE HB1110_H.001 DATE 3/6/2026 Representative Woodrow moved to amend the Report of the Committee of the Whole to reverse the action taken by the Committee in not adopting the following Woodrow amendment, (L.011) to HB26-1110, to show that said amendment passed and that HB26-1110, as amended, passed.
Amend printed bill, page 8, line 8, before "A" insert "(1)".
Page 8, after line 12 insert: "(2) THIS SECTION DOES NOT APPLY IF THE FINANCIAL INSTITUTION KNOWS THAT A DISBURSEMENT IS FINANCIAL EXPLOITATION OF AN ELIGIBLE ADULT.".
** *** ** *** **

L.002

HOU Finance

Passed [*]

Plain English: HB1110_L.002 HOUSE COMMITTEE OF REFERENCE AMENDMENT Committee on Finance.

HB1110_L.002 HOUSE COMMITTEE OF REFERENCE AMENDMENT Committee on Finance.
HB26-1110 be amended as follows: 1 Amend printed bill, page 3, after line 12 insert: 2 "(1) "DISBURSEMENT" MEANS A TRANSACTION BY A FINANCIAL 3 INSTITUTION TO OR FOR THE BENEFIT OF A MEMBER OR ACCOUNT HOLDER, 4 REGARDLESS OF THE METHOD, MEDIUM, INSTRUMENT, CHANNEL, OR 5 TECHNOLOGY USED FOR THE TRANSACTION.".
6 Renumber succeeding subsections accordingly.
7 Page 4, line 19, strike "(4)(a)" and substitute "(5)(a)".

L.022

SEN Business, Labor, & Technology

Passed [*]

Plain English: HB1110_L.022 SENATE COMMITTEE OF REFERENCE AMENDMENT Committee on Business, Labor, & Technology.

HB1110_L.022 SENATE COMMITTEE OF REFERENCE AMENDMENT Committee on Business, Labor, & Technology.
HB26-1110 be amended as follows: 1 Amend reengrossed bill, page 5, line 11, strike "FAITH," and substitute 2 "FAITH AND EXERCISING REASONABLE CARE,".
3 Page 5, line 26, strike "FAITH," and substitute "FAITH AND EXERCISING 4 REASONABLE CARE,".
5 Page 8, line 12, strike "FAITH," and substitute "FAITH AND EXERCISING 6 REASONABLE CARE,".

L.007

Second Reading

Lost [**]

Plain English: HB1110_L.007 Amendment No.

HB1110_L.007 Amendment No.
___________ HB26-1110 HOUSE FLOOR AMENDMENT Second Reading BY REPRESENTATIVE Garcia 1 Amend printed bill, page 8, strike lines 7 through 12.
2 Renumber succeeding sections accordingly.
** *** ** *** ** LLS: Jery Payne x2157

L.009

Second Reading

Lost [**]

Plain English: HB1110_L.009 Amendment No.

HB1110_L.009 Amendment No.
___________ HB26-1110 HOUSE FLOOR AMENDMENT Second Reading BY REPRESENTATIVE Zokaie 1 Amend printed bill, page 8, line 8, before "A" insert "(1)".
2 Page 8, after line 12, insert: 3 "(2) THIS SECTION DOES NOT APPLY IF THE FINANCIAL INSTITUTION 4 KNEW OR SHOULD HAVE KNOWN THAT A DISBURSEMENT IS A FINANCIAL 5 EXPLOITATION OF AN ELIGIBLE ADULT." ** *** ** *** ** LLS: Jery Payne x2157

L.011

Second Reading

Lost [**]

Plain English: HB1110_L.011 Amendment No.

HB1110_L.011 Amendment No.
___________ HB26-1110 HOUSE FLOOR AMENDMENT Second Reading BY REPRESENTATIVE Woodrow 1 Amend printed bill, page 8, line 8, before "A" insert "(1)".
2 Page 8, after line 12 insert: 3 "(2) THIS SECTION DOES NOT APPLY IF THE FINANCIAL INSTITUTION 4 KNOWS THAT A DISBURSEMENT IS FINANCIAL EXPLOITATION OF AN 5 ELIGIBLE ADULT.".
** *** ** *** ** LLS: Jery Payne x2157

L.014

Second Reading

Lost [**]

Plain English: HB1110_L.014 Amendment No.

HB1110_L.014 Amendment No.
___________ HB26-1110 HOUSE FLOOR AMENDMENT Second Reading BY REPRESENTATIVE Garcia 1 Amend printed bill, page 3, line 14, strike "SEVENTY" and substitute 2 "SIXTY".
** *** ** *** ** LLS: Jery Payne x2157

L.015

Second Reading

Lost [**]

Plain English: HB1110_L.015 Amendment No.

HB1110_L.015 Amendment No.
___________ HB26-1110 HOUSE FLOOR AMENDMENT Second Reading BY REPRESENTATIVE Garcia 1 Amend printed bill, page 3, line 14, strike "SEVENTY" and substitute 2 "SIXTY-FIVE".
** *** ** *** ** LLS: Jery Payne x2157

L.019

Second Reading

Lost [**]

Plain English: HB1110_L.019 Amendment No.

HB1110_L.019 Amendment No.
___________ HB26-1110 HOUSE FLOOR AMENDMENT Second Reading BY REPRESENTATIVE Woodrow 1 Amend Amendment No.
1, Finance Report, dated February 26, 2026, as 2 it appears in the House Journal, dated February 27, page 395, after line 23 3 insert: 4 "Page 4, after line 13 insert: 5 "(4) "GOOD FAITH" HAS THE MEANING SET FORTH IN SECTION 6 11-101-401 (38).".
7 Renumber succeeding subsection accordingly.".

L.021

Second Reading

Passed [**]

Plain English: HB1110_L.021 Amendment No.

HB1110_L.021 Amendment No.
___________ HB26-1110 HOUSE FLOOR AMENDMENT Second Reading BY REPRESENTATIVE Camacho 1 Amend Amendment No.
1, Finance Report, dated February 26, 2026, as 2 it appears in the House Journal, dated February 27, page 395, after line 23 3 insert: 4 "Page 4, after line 13 insert: 5 "(4) "GOOD FAITH" MEANS HONESTY IN FACT IN THE TRANSACTION 6 AND SOME REASONABLE GROUND FOR BELIEF THAT THE TRANSACTION IS 7 RIGHTFUL OR AUTHORIZED.".
8 Renumber succeeding subsection accordingly.".

Bill History

2026-04-20 Senate
Senate Third Reading Passed - No Amendments
2026-04-17 Senate
Senate Second Reading Special Order - Passed with Amendments - Committee
2026-04-14 Senate
Senate Committee on Business, Labor, & Technology Refer Amended - Consent Calendar to Senate Committee of the Whole
2026-04-06 Senate
Introduced In Senate - Assigned to Business, Labor, & Technology
2026-03-09 House
House Third Reading Passed - No Amendments
2026-03-06 House
House Second Reading Special Order - Passed with Amendments - Committee, Floor
2026-03-04 House
House Second Reading Laid Over Daily with Amendments - Committee
2026-03-03 House
House Second Reading Special Order - Laid Over Daily with Amendments - Committee
2026-02-26 House
House Committee on Finance Refer Amended to House Committee of the Whole
2026-02-03 House
Introduced In House - Assigned to Finance

Official Summary Text

The bill creates the 'Adults' Security and Safeguards from Exploitation in Transactions Act' or the 'ASSET Act'. The bill requires or authorizes a qualified individual at a bank or credit union (financial institution) to do the following when the individual reasonably suspects that a vulnerable adult (eligible adult) is the victim of financial exploitation:
The individual or institution must notify appropriate local law enforcement or the county agency handling adult protective services; and
The individual or institution may notify a third party previously designated by or reasonably associated with the eligible adult.
A financial institution or qualified individual may delay a disbursement from an account if the financial institution or qualified individual:
Reasonably believes that the requested disbursement may result in financial exploitation of an eligible adult;
Provides written notification of the delay and the reason for the delay to all parties authorized to transact business on the account within 2 business days after the requested disbursement; except that a party who is reasonably believed to have engaged in financial exploitation of the eligible adult need not be so notified; and
Continues its internal review of the suspected or attempted financial exploitation.
The delay may continue until:
The financial institution or qualified individual reasonably believes that the eligible adult is not subject to financial exploitation;
Local law enforcement or the county agency handling adult protective services concludes its investigation; or
A court orders that the delay be removed.
A financial institution or qualified individual must make a determination within 90 days after beginning the delay of a disbursement or, if waiting on the investigation of local law enforcement or a county agency handling adult protective services, within 180 days. The disbursement must be made or refused based on the conclusions of the investigation or the expiration of the time.
A financial institution and qualified individual are immune from liability arising from the actions or from failing to take the actions authorized in the bill if the act or failure to act was made in good faith.
A financial institution must provide access to or copies of records that are relevant to the suspected or attempted financial exploitation of an eligible adult to agencies charged with administering state adult protective services laws and to local law enforcement. The records made available to agencies are not public records, as defined in the 'Colorado Open Records Act'.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Current Bill Text

Read the full stored bill text

Second Regular Session
Seventy-fifth General Assembly
STATE OF COLORADO
REREVISED
This Version Includes All Amendments
Adopted in the Second House
LLS NO. 26-0272.02 Jery Payne x2157 HOUSE BILL 26-1110
House Committees Senate Committees
Finance Business, Labor, & Technology
A BILL FOR AN ACT
CONCERNING THE PROTECTION OF VULNERABLE ADULTS FROM101
FINANCIAL EXPLOITATION IN RELATION TO FINANCIAL102
INSTITUTIONS.103
Bill Summary
(Note: This summary applies to this bill as introduced and does
not reflect any amendments that may be subsequently adopted. If this bill
passes third reading in the house of introduction, a bill summary that
applies to the reengrossed version of this bill will be available at
http://leg.colorado.gov.)
The bill creates the "Adults' Security and Safeguards from
Exploitation in Transactions Act" or the "ASSET Act". The bill requires
or authorizes a qualified individual at a bank or credit union (financial
institution) to do the following when the individual reasonably suspects
that a vulnerable adult (eligible adult) is the victim of financial
SENATE
3rd Reading Unamended
April 20, 2026
SENATE
Amended 2nd Reading
April 17, 2026
HOUSE
3rd Reading Unamended
March 9, 2026
HOUSE
Amended 2nd Reading
March 6, 2026
HOUSE SPONSORSHIP
Camacho and Jackson, Duran, Espenoza, Gonzalez R., Hamrick, Lieder, McCormick,
Nguyen
SENATE SPONSORSHIP
Catlin and Danielson, Simpson, Ball, Bridges, Carson, Coleman, Cutter, Exum,
Hinrichsen, Jodeh, Kipp, Kolker, Marchman, Rodriguez, Snyder, Sullivan, Wallace
Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
Capital letters or bold & italic numbers indicate new material to be added to existing law.
Dashes through the words or numbers indicate deletions from existing law.
exploitation:
! The individual or institution must notify appropriate local
law enforcement or the county agency handling adult
protective services; and
! The individual or institution may notify a third party
previously designated by or reasonably associated with the
eligible adult.
A financial institution or qualified individual may delay a
disbursement from an account if the financial institution or qualified
individual:
! Reasonably believes that the requested disbursement may
result in financial exploitation of an eligible adult;
! Provides written notification of the delay and the reason for
the delay to all parties authorized to transact business on
the account within 2 business days after the requested
disbursement; except that a party who is reasonably
believed to have engaged in financial exploitation of the
eligible adult need not be so notified; and
! Continues its internal review of the suspected or attempted
financial exploitation.
The delay may continue until:
!The financial institution or qualified individual reasonably
believes that the eligible adult is not subject to financial
exploitation;
! Local law enforcement or the county agency handling adult
protective services concludes its investigation; or
! A court orders that the delay be removed.
A financial institution or qualified individual must make a
determination within 90 days after beginning the delay of a disbursement
or, if waiting on the investigation of local law enforcement or a county
agency handling adult protective services, within 180 days. The
disbursement must be made or refused based on the conclusions of the
investigation or the expiration of the time.
A financial institution and qualified individual are immune from
liability arising from the actions or from failing to take the actions
authorized in the bill if the act or failure to act was made in good faith.
A financial institution must provide access to or copies of records
that are relevant to the suspected or attempted financial exploitation of an
eligible adult to agencies charged with administering state adult
protective services laws and to local law enforcement. The records made
available to agencies are not public records, as defined in the "Colorado
Open Records Act".
Be it enacted by the General Assembly of the State of Colorado:1
1110-2-
SECTION 1. In Colorado Revised Statutes, add article 113 to1
title 11 as follows:2
ARTICLE 1133
Adults' Security and Safeguards from4
Exploitation in Transactions Act5
11-113-101. Short title.6
THE SHORT TITLE OF THIS ARTICLE 113 IS THE "ADULTS' SECURITY7
AND SAFEGUARDS FROM EXPLOITATION IN TRANSACTIONS ACT" OR THE8
"ASSET ACT".9
11-113-102. Definitions.10
AS USED IN THIS ARTICLE 113, UNLESS THE CONTEXT OTHERWISE11
REQUIRES: 12
(1) " DISBURSEMENT" MEANS A TRANSACTION BY A FINANCIAL13
INSTITUTION TO OR FOR THE BENEFIT OF A MEMBER OR ACCOUNT HOLDER,14
REGARDLESS OF THE METHOD, MEDIUM, INSTRUMENT, CHANNEL, OR15
TECHNOLOGY USED FOR THE TRANSACTION.16
(2) "ELIGIBLE ADULT" MEANS:17
(a) AN INDIVIDUAL SEVENTY YEARS OLD OR OLDER; OR18
(b) A N INDIVIDUAL EIGHTEEN YEAR S OLD OR OLDER WHO IS19
SUSCEPTIBLE TO MISTREATMENT OR SELF -NEGLECT BECAUSE THE20
INDIVIDUAL:21
(I) IS UNABLE TO PERFORM OR OBTAIN SERVICES NECESSARY FOR22
THE INDIVIDUAL'S HEALTH, SAFETY, OR WELFARE; OR23
(II) LACKS SUFFICIENT UNDERSTANDING OR CAPACITY TO MAKE OR24
COMMUNICATE RESPONSIBLE DECISIONS CONCERNING THE INDIVIDUAL'S25
PERSON OR AFFAIRS.26
(3) "F INANCIAL EXPLOITATION " MEANS AN ACT OR OMISSION27
1110-3-
COMMITTED BY A PERSON THAT:1
(a) U SES DECEPTION , HARASSMENT , INTIMIDATION , OR UNDUE2
INFLUENCE TO PERMANENTLY OR TEMPORARILY DEPRIVE AN ELIGIBLE3
ADULT OF THE USE, BENEFIT, OR POSSESSION OF ANYTHING OF VALUE;4
(b) EMPLOYS THE SERVICES OF A THIRD PARTY FOR THE PROFIT OR5
ADVANTAGE OF THE PERSON OR ANOTHER PERSON TO THE DETRIMENT OF6
THE ELIGIBLE ADULT;7
(c) FORCES, COMPELS, COERCES, OR ENTICES AN ELIGIBLE ADULT8
TO PERFORM SERVICES FOR THE PROFIT OR ADVANTAGE OF THE PERSON OR9
ANOTHER PERSON; OR10
(d) MISUSES THE PROPERTY OF AN ELIGIBLE ADULT IN A MANNER11
THAT ADVERSELY AFFECTS THE ELIGIBLE ADULT 'S ABILITY TO RECEIVE12
HEALTH CARE OR HEALTH-CARE BENEFITS OR TO PAY FOR BASIC NEEDS OR13
OBLIGATIONS.14
(4) "FINANCIAL INSTITUTION" MEANS:15
(a) A BANK, AS DEFINED IN SECTION 11-101-401 (5); OR16
(b) A CREDIT UNION, AS DESCRIBED IN SECTION 11-30-101 (1).17
(5) "GOOD FAITH" MEANS HONESTY IN FACT IN THE TRANSACTION18
AND SOME REASONABLE GROUND FOR BELIEF THAT THE TRANSACTION IS19
RIGHTFUL OR AUTHORIZED.20
(6) "Q UALIFIED INDIVIDUAL " MEANS AN EMPLOYEE OF A21
FINANCIAL INSTITUTION WHO:22
(a) PERFORMS MONETARY TRANSACTIONS FOR, SELLS FINANCIAL23
SERVICES TO, OR APPROVES LOANS FOR CUSTOMERS OF OR MEMBERS OF24
THE FINANCIAL INSTITUTION;25
(b) SUPERVISES AN EMPLOYEE DESCRIBED IN SUBSECTION (6)(a) OF26
THIS SECTION; OR27
1110-4-
(c) HAS THE RESPONSIBILITY OF ENSURING COMPLIANCE WITH THE1
FINANCIAL INSTITUTION'S LEGAL DUTIES.2
11-113-103. Disclosures to governmental agencies - immunity.3
(1) I F A QUALIFIED INDIVIDUAL REASONABLY BELIEVES , WHILE4
ACTING WITHIN THE SCOPE OF THEIR EMPLOYMENT , THAT FINANCIAL5
EXPLOITATION OF AN ELIGIBLE ADULT MAY HAVE OCCURRED, MAY HAVE6
BEEN ATTEMPTED , OR MAY BE OR IS BEING ATTEMPTED , THE QUALIFIED7
INDIVIDUAL SHALL NOTIFY OR CAUSE TO BE NOTIFIED LOCAL LAW8
ENFORCEMENT OR THE COUNTY AGENCY HANDLING ADULT PROTECTIVE9
SERVICES WHERE THE ELIGIBLE ADULT RESIDES.10
(2) A QUALIFIED INDIVIDUAL WHO , IN GOOD FAITH AND11
EXERCISING REASONABLE CARE, MAKES A DISCLOSURE OF INFORMATION12
PURSUANT TO THIS SECTION IS IMMUNE FROM ADMINISTRATIVE OR CIVIL13
LIABILITY THAT MIGHT OTHERWISE ARISE FROM THE DISCLOSURE OR FROM14
ANY FAILURE TO NOTIFY A CUSTOMER OF THE DISCLOSURE.15
11-113-104. Disclosures to third parties - immunity.16
(1) I F A QUALIFIED INDIVIDUAL , WHILE ACTING WITHIN THEIR17
SCOPE OF EMPLOYMENT , REASONABLY BELIEVES THAT FINANCIAL18
EXPLOITATION OF AN ELIGIBLE ADULT MAY HAVE OCCURRED, MAY HAVE19
BEEN ATTEMPTED , OR MAY BE OR IS BEING ATTEMPTED , THE QUALIFIED20
INDIVIDUAL MAY NOTIFY A THIRD PARTY PREVIOUSLY DESIGNATED BY OR21
REASONABLY ASSOCIATED WITH THE ELIGIBLE ADULT . A QUALIFIED22
INDIVIDUAL SHALL TAKE REASONABLE CARE TO NOT NOTIFY A23
DESIGNATED THIRD PARTY WHO IS SUSPECTED OF FINANCIAL24
EXPLOITATION OR OTHER ABUSE OF THE ELIGIBLE ADULT.25
(2) A QUALIFIED INDIVIDUAL WHO , IN GOOD FAITH AND26
EXERCISING REASONABLE CARE, COMPLIES WITH THIS SECTION IS IMMUNE27
1110-5-
FROM ANY ADMINISTRATIVE OR CIVIL LIABILITY THAT MIGHT OTHERWISE1
ARISE FROM A DISCLOSURE DESCRIBED IN SUBSECTION (1) OF THIS2
SECTION.3
11-113-105. Delaying disbursements - immunity.4
(1) S UBJECT TO SUBSECTION (2) OF THIS SECTION , A FINANCIAL5
INSTITUTION OR QUALIFIED INDIVIDUAL MAY DELAY A DISBURSEMENT6
FROM AN ACCOUNT IF:7
(a) T HE FINANCIAL INSTITUTION OR QUALIFIED INDIVIDUAL8
REASONABLY BELIEVES THAT THE ELIGIBLE ADULT IS SUBJECT TO9
FINANCIAL EXPLOITATION; AND10
(b) THE FINANCIAL INSTITUTION OR QUALIFIED INDIVIDUAL:11
(I) AS SOON AS POSSIBLE BUT WITHIN TWO BUSINESS DAYS AFTER12
THE REQUESTED DISBURSEMENT , PROVIDES WRITTEN NOTIFICATION,13
WHICH MAY BE DELIVERED ELECTRONICALLY , OF THE DELAY AND THE14
SPECIFIC REASON FOR THE DELAY TO ALL PARTIES AUTHORIZED TO15
TRANSACT BUSINESS ON THE ACCOUNT ; EXCEPT THAT THE FINANCIAL16
INSTITUTION OR QUALIFIED INDIVIDUAL NEED NOT NOTIFY A PARTY WHO17
IS REASONABLY BELIEVED TO HAVE ENGAGED IN SUSPECTED OR18
ATTEMPTED FINANCIAL EXPLOITATION OF THE ELIGIBLE ADULT;19
(II) W ITHIN TWO BUSINESS DAYS AFTER THE REQUESTED20
DISBURSEMENT, MAKES THE NOTIFICATION REQUIRED IN SECTION21
11-113-103 (1); AND22
(III) C ONTINUES ITS INTERNAL REVIEW OF THE SUSPECTED OR23
ATTEMPTED FINANCIAL EXPLOITATION OF THE ELIGIBLE ADULT , AS24
NECESSARY.25
(2) (a) SUBJECT TO SUBSECTION (2)(b) OF THIS SECTION, A DELAY26
OF A DISBURSEMENT AUTHORIZED BY THIS SECTION MAY CONTINUE UNTIL:27
1110-6-
(I) T HE FINANCIAL INSTITUTION OR QUALIFIED INDIVIDUAL1
REASONABLY BELIEVES THAT THE ELIGIBLE ADULT IS NOT SUBJECT TO2
FINANCIAL EXPLOITATION;3
(II) L OCAL LAW ENFORCEMENT OR THE COUNTY AGENCY4
HANDLING ADULT PROTECTIVE SERVICES, DEPENDING ON WHICH AGENCY5
IS CONDUCTING THE INVESTIGATION, CONCLUDES ITS INVESTIGATION; OR6
(III) A COURT ORDERS THAT THE DELAY BE REMOVED.7
(b) THE FINANCIAL INSTITUTION OR QUALIFIED INDIVIDUAL SHALL8
MAKE THE DETERMINATION DESCRIBED IN SUBSECTION (2)(a)(I) OF THIS9
SECTION WITHIN NINETY DAYS AFTER BEGINNING THE DELAY ; EXCEPT10
THAT THE FINANCIAL INSTITUTION OR QUALIFIED INDIVIDUAL MAY DELAY11
THE DISBURSEMENT FOR AN ADDITIONAL NINETY DAYS AFTER THE INITIAL12
DELAY IF THE FINANCIAL INSTITUTION OR QUALIFIED INDIVIDUAL HAS13
MADE THE NOTIFICATION REQUIRED IN SECTION 11-113-103 (1) AND THE14
DISBURSEMENT IS PENDING THE CONCLUSION OF AN INVESTIGATION OF15
LOCAL LAW ENFORCEMENT OR THE COUNTY AGENCY HANDLING ADULT16
PROTECTIVE SERVICES, AS APPLICABLE.17
(c) A COURT MAY ENTER AN ORDER EXTENDING THE DELAY OF A18
DISBURSEMENT OR MAY ORDER OTHER PROTECTIVE RELIEF BASED ON A19
PETITION OF AN AGENCY PROVIDING PROTECTIVE SERVICES FOR ELIGIBLE20
ADULTS, A FINANCIAL INSTITUTION OR QUALIFIED INDIVIDUAL THAT21
INITIATED THE DELAY UNDER THIS SECTION , OR ANOTHER INTERESTED22
PARTY.23
(3) (a) A FINANCIAL INSTITUTION OR QUALIFIED INDIVIDUAL SHALL24
REASONABLY RELEASE THE DISBURSEMENT AUTHORIZED BY THIS SECTION25
IF THE FINANCIAL INSTITUTION , A QUALIFIED INDIVI DUAL, LOCAL LAW26
ENFORCEMENT, A COUNTY AGENCY HANDLING ADULT PROTECTIVE27
1110-7-
SERVICES, OR A COURT DETERMINES THAT THE ELIGIBLE ADULT IS NOT1
SUBJECT TO FINANCIAL EXPLOITATION.2
(b) A FINANCIAL INSTITUTION OR QUALIFIED INDIVIDUAL MAY3
REFUSE THE DISBURSEMENT AUTHORIZED BY THIS SECTION UPON A4
FINDING OF FINANCIAL EXPLOITATION BY LOCAL LAW ENFORCEMENT , A5
COUNTY AGENCY HANDLING ADULT PROTECTIVE SERVICES, OR A COURT OR6
UPON THE EXPIRATION OF THE ONE -HUNDRED-EIGHTY-DAY PERIOD7
DESCRIBED IN SUBSECTION (2)(b) OF THIS SECTION IF LOCAL LAW8
ENFORCEMENT OR A COUNTY AGENCY HANDLING ADULT PROTECTIVE9
SERVICES HAS NOT NOTIFIED THE FINANCIAL INSTITUTION OR QUALIFIED10
INDIVIDUAL OF THE FINDINGS OF THE INVESTIGATION.11
(4) A FINANCIAL INSTITUTION OR QUALIFIED INDIVIDUAL THAT, IN12
GOOD FAITH AND EXERCISING REASONABLE CARE , COMPLIES WITH THIS13
SECTION IS IMMUNE FROM ADMINISTRATIVE OR CIVIL LIABILITY THAT14
MIGHT OTHERWISE ARISE FROM A DELAY OF A DISBURSEMENT IN15
ACCORDANCE WITH THIS SECTION.16
11-113-106. Immunity for reasonable good faith omissions.17
A FINANCIAL INSTITUTION OR QUALIFIED INDIVIDUAL THAT , IN18
GOOD FAITH AND EXERCISING REASONABLE CARE , FAILS TO PROVIDE19
NOTICE PURSUANT TO SECTION 11-113-103 (1) OR FAILS TO DELAY A20
DISBURSEMENT PURSUANT TO SECTION 11-113-105 IS IMMUNE FROM21
ADMINISTRATIVE OR CIVIL LIABILITY FOR THE FAILURE TO PROVIDE THE22
NOTICE OR TO DELAY THE DISBURSEMENT.23
11-113-107. Records.24
(1) A FINANCIAL INSTITUTION SHALL PROVIDE ACCESS TO OR25
COPIES OF THE ELIGIBLE ADULT'S RECORDS THAT ARE RELEVANT TO 26
SUSPECTED OR ATTEMPTED FINANCIAL EXPLOITATION TO AGENCIES27
1110-8-
CHARGED WITH ADMINISTERING STATE ADULT PROTECTIVE SERVICES LAWS1
AND TO LAW ENFORCEMENT , EITHER AS PART OF A REFERRAL TO THE2
AGENCY OR TO LAW ENFORCEMENT OR UPON REQUEST OF THE AGENCY OR3
LAW ENFORCEMENT PURSUANT TO AN INVESTIGATION. THE RECORDS MAY4
INCLUDE HISTORICAL RECORDS AS WELL AS RECORDS RELATING TO THE5
MOST RECENT TRANSACTION OR TRANSACTIONS THAT MAY COMPRISE6
FINANCIAL EXPLOITATION OF AN ELIGIBLE ADULT.7
(2) RECORDS MADE AVAILABLE TO AGENCIES UNDER THIS SECTION8
ARE NOT PUBLIC RECORDS, AS DEFINED IN SECTION 24-72-202.9
(3) T HIS SECTION DOES NOT LIMIT OR OTHERWISE IMPEDE THE10
AUTHORITY OF THE STATE COMMISSIONER OF FINANCIAL SERVICES OR THE11
STATE BANK COMMISSIONER TO ACCESS OR EXAMINE THE BOOKS AND12
RECORDS OF FINANCIAL INSTITUTIONS OR AS OTHERWISE PROVIDED BY13
LAW.14
11-113-108. Multiple duties to report.15
COMPLIANCE WITH THIS ARTICLE 113 DOES NOT DISCHARGE THE16
DUTY OF A PERSON TO REPORT MISTREATMENT UNDER SECTION 18-6.5-10817
TO LOCAL LAW ENFORCEMENT.18
SECTION 2. Act subject to petition - effective date -19
applicability. (1) This act takes effect at 12:01 a.m. on the day following20
the expiration of the ninety-day period after final adjournment of the21
general assembly (August 12, 2026, if adjournment sine die is on May 13,22
2026); except that, if a referendum petition is filed pursuant to section 123
(3) of article V of the state constitution against this act or an item, section,24
or part of this act within such period, then the act, item, section, or part25
will not take effect unless approved by the people at the general election26
to be held in November 2026 and, in such case, will take effect on the27
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date of the official declaration of the vote thereon by the governor.1
(2) This act applies to financial institution transactions attempted2
or occurring on or after the applicable effective date of this act.3
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