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

Healthcare Labor

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
Last action: 2026-04-06
Official status: Introduced In Senate - Assigned to Business, Labor, & Technology
Effective date: Not listed

Plain English Breakdown

The official source material did not provide specific details about third parties suspected of financial exploitation and their notification requirements.

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 sending money from an account if they think the action might harm the eligible adult.
Provides written notification of any delays within two business days to all authorized parties, except those suspected of exploitation.
Gives immunity for financial institutions and employees who act in good faith under this law.
Requires access to relevant records about suspected exploitation by state agencies and local law enforcement.

Who It Names or Affects

Banks and credit unions
Vulnerable adults aged 70 or older, or those over 18 with certain health conditions
Local law enforcement and adult protective services

Terms To Know

Eligible Adult: An individual who is either 70 years old or older, or an adult aged 18 or older who may be susceptible to mistreatment due to health issues.
Financial Exploitation: Using deception, harassment, intimidation, undue influence, or misuse of property that harms the eligible adult's ability to receive healthcare benefits or pay for basic needs.

Limits and Unknowns

The bill does not specify what happens if a delay is needed but cannot be completed within the set timeframes.
It remains unclear how this law will affect third parties who are suspected of financial exploitation and may need to be notified.
There is no information on enforcement mechanisms or penalties for non-compliance.

Amendments

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

H.001

Committee of the Whole

Lost

Plain English: The amendment adds a new clause to the bill that allows financial institutions to avoid certain requirements if they know a disbursement is financial exploitation of an eligible adult.

Adds a new section (2) on page 8, line 12, which states that the rules in this section do not apply if the bank or credit union knows that a payment is exploiting an eligible vulnerable adult.

The amendment text does not specify what specific requirements are being exempted for financial institutions when they know of exploitation. This makes it hard to fully understand all the changes without more context.

L.002

HOU Finance

Passed [*]

Plain English: The amendment adds a new definition for 'disbursement' and makes several changes to the bill's text regarding notifications and record keeping.

Adds a new definition for 'disbursement', which is a transaction by a financial institution for a member or account holder, regardless of how it is done.
Changes '(4)(a)' to '(5)(a)' in the bill's text.
Modifies the notification requirement to say that notifications must be delivered as soon as possible but within a certain timeframe and can be sent electronically.
Adds 'specific reason' before 'reason' when explaining why a financial institution might need to notify an eligible adult.

The amendment text does not provide full context for all changes, so some details about the overall impact are unclear.

L.007

Second Reading

Lost [**]

Plain English: The amendment removes specific lines from the bill on page 8.

Removes lines 7 through 12 from page 8 of the printed bill.

The exact content and purpose of the removed lines are not provided, making it unclear what specific changes this amendment will make to the bill's requirements or authorizations.

L.009

Second Reading

Lost [**]

Plain English: The amendment adds a new condition that allows financial institutions to avoid certain responsibilities if they knew or should have known about financial exploitation of an eligible adult.

Adds a new clause (2) after the existing text on page 8, line 12, which states that the section does not apply if the financial institution was aware or should have been aware of financial exploitation involving an eligible adult.

The amendment's exact impact and how it fits into the broader bill is unclear without additional context about what responsibilities are being modified for financial institutions.

L.011

Second Reading

Lost [**]

Plain English: The amendment adds a new condition that allows financial institutions to disburse funds without following certain protections if they know the disbursement is not financial exploitation.

Adds a new clause (2) after line 12 on page 8 of the bill, stating that the section does not apply when a financial institution knows a disbursement involves no financial exploitation.

The amendment text is brief and may leave some details unclear about how this exception will be implemented or what specific protections are being waived.

L.014

Second Reading

Lost [**]

Plain English: The amendment changes the number of days from seventy to sixty in a specific section of the bill.

Changes the number of days mentioned in the bill from seventy to sixty.

The official text does not provide context about what these numbers refer to, so it's unclear how this change will affect the bill.

L.015

Second Reading

Lost [**]

Plain English: The amendment changes the age threshold from seventy to sixty-five in a provision of HB26-1110.

Changes the specified age from seventy to sixty-five.

The exact context and implications of changing this number are not provided, so further details about why or how this affects vulnerable adults are unknown.

L.019

Second Reading

Lost [**]

Plain English: The amendment adds a definition for 'good faith' and requirements for financial institutions to use it as an affirmative defense in certain situations.

Adds the term 'GOOD FAITH' with its meaning from another section of law (11-101-401(38))
Changes a subsection label from '(5)(a)' to '(6)(a)'
Requires financial institutions to plead good faith as an affirmative defense and prove it by clear and convincing evidence

The amendment text does not provide the full context of how 'good faith' is used in other parts of the bill, which may limit understanding without additional information.

L.021

Second Reading

Passed [**]

Plain English: The amendment adds a new definition for 'Good Faith' in the bill, which means being honest and having reasonable grounds to believe that a transaction is rightful or authorized.

Adds a new subsection (4) defining 'Good Faith' as honesty in fact and some reasonable ground for believing a transaction is rightful or authorized.

The amendment only provides the definition of 'Good Faith' and does not explain how this term will be used within the rest of the bill, which may limit understanding without additional context.

Bill History

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
REENGROSSED
This Version Includes All Amendments
Adopted in the House of Introduction
LLS NO. 26-0272.02 Jery Payne x2157 HOUSE BILL 26-1110
House Committees Senate Committees
Finance
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
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
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 , MAKES A11
DISCLOSURE OF INFORMATION PURSUANT TO THIS SECTION IS IMMUNE12
FROM ADMINISTRATIVE OR CIVIL LIABILITY THAT MIGHT OTHERWISE ARISE13
FROM THE DISCLOSURE OR FROM ANY FAILURE TO NOTIFY A CUSTOMER OF14
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, COMPLIES WITH26
THIS SECTION IS IMMUNE FROM ANY ADMINISTRATIVE OR CIVIL LIABILITY27
1110-5-
THAT MIGHT OTHERWISE ARISE FROM A DISCLOSURE DESCRIBED IN1
SUBSECTION (1) OF THIS SECTION.2
11-113-105. Delaying disbursements - immunity.3
(1) S UBJECT TO SUBSECTION (2) OF THIS SECTION , A FINANCIAL4
INSTITUTION OR QUALIFIED INDIVIDUAL MAY DELAY A DISBURSEMENT5
FROM AN ACCOUNT IF:6
(a) T HE FINANCIAL INSTITUTION OR QUALIFIED INDIVIDUAL7
REASONABLY BELIEVES THAT THE ELIGIBLE ADULT IS SUBJECT TO8
FINANCIAL EXPLOITATION; AND9
(b) THE FINANCIAL INSTITUTION OR QUALIFIED INDIVIDUAL:10
(I) AS SOON AS POSSIBLE BUT WITHIN TWO BUSINESS DAYS AFTER11
THE REQUESTED DISBURSEMENT , PROVIDES WRITTEN NOTIFICATION,12
WHICH MAY BE DELIVERED ELECTRONICALLY , OF THE DELAY AND THE13
SPECIFIC REASON FOR THE DELAY TO ALL PARTIES AUTHORIZED TO14
TRANSACT BUSINESS ON THE ACCOUNT ; EXCEPT THAT THE FINANCIAL15
INSTITUTION OR QUALIFIED INDIVIDUAL NEED NOT NOTIFY A PARTY WHO16
IS REASONABLY BELIEVED TO HAVE ENGAGED IN SUSPECTED OR17
ATTEMPTED FINANCIAL EXPLOITATION OF THE ELIGIBLE ADULT;18
(II) W ITHIN TWO BUSINESS DAYS AFTER THE REQUESTED19
DISBURSEMENT, MAKES THE NOTIFICATION REQUIRED IN SECTION20
11-113-103 (1); AND21
(III) C ONTINUES ITS INTERNAL REVIEW OF THE SUSPECTED OR22
ATTEMPTED FINANCIAL EXPLOITATION OF THE ELIGIBLE ADULT , AS23
NECESSARY.24
(2) (a) SUBJECT TO SUBSECTION (2)(b) OF THIS SECTION, A DELAY25
OF A DISBURSEMENT AUTHORIZED BY THIS SECTION MAY CONTINUE UNTIL:26
(I) T HE FINANCIAL INSTITUTION OR QUALIFIED INDIVIDUAL27
1110-6-
REASONABLY BELIEVES THAT THE ELIGIBLE ADULT IS NOT SUBJECT TO1
FINANCIAL EXPLOITATION;2
(II) L OCAL LAW ENFORCEMENT OR THE COUNTY AGENCY3
HANDLING ADULT PROTECTIVE SERVICES, DEPENDING ON WHICH AGENCY4
IS CONDUCTING THE INVESTIGATION, CONCLUDES ITS INVESTIGATION; OR5
(III) A COURT ORDERS THAT THE DELAY BE REMOVED.6
(b) THE FINANCIAL INSTITUTION OR QUALIFIED INDIVIDUAL SHALL7
MAKE THE DETERMINATION DESCRIBED IN SUBSECTION (2)(a)(I) OF THIS8
SECTION WITHIN NINETY DAYS AFTER BEGINNING THE DELAY ; EXCEPT9
THAT THE FINANCIAL INSTITUTION OR QUALIFIED INDIVIDUAL MAY DELAY10
THE DISBURSEMENT FOR AN ADDITIONAL NINETY DAYS AFTER THE INITIAL11
DELAY IF THE FINANCIAL INSTITUTION OR QUALIFIED INDIVIDUAL HAS12
MADE THE NOTIFICATION REQUIRED IN SECTION 11-113-103 (1) AND THE13
DISBURSEMENT IS PENDING THE CONCLUSION OF AN INVESTIGATION OF14
LOCAL LAW ENFORCEMENT OR THE COUNTY AGENCY HANDLING ADULT15
PROTECTIVE SERVICES, AS APPLICABLE.16
(c) A COURT MAY ENTER AN ORDER EXTENDING THE DELAY OF A17
DISBURSEMENT OR MAY ORDER OTHER PROTECTIVE RELIEF BASED ON A18
PETITION OF AN AGENCY PROVIDING PROTECTIVE SERVICES FOR ELIGIBLE19
ADULTS, A FINANCIAL INSTITUTION OR QUALIFIED INDIVIDUAL THAT20
INITIATED THE DELAY UNDER THIS SECTION , OR ANOTHER INTERESTED21
PARTY.22
(3) (a) A FINANCIAL INSTITUTION OR QUALIFIED INDIVIDUAL SHALL23
REASONABLY RELEASE THE DISBURSEMENT AUTHORIZED BY THIS SECTION24
IF THE FINANCIAL INSTITUTION , A QUALIFIED INDIVIDUAL , LOCAL LAW25
ENFORCEMENT, A COUNTY AGENCY HANDLING ADULT PROTECTIVE26
SERVICES, OR A COURT DETERMINES THAT THE ELIGIBLE ADULT IS NOT27
1110-7-
SUBJECT TO FINANCIAL EXPLOITATION.1
(b) A FINANCIAL INSTITUTION OR QUALIFIED INDIVIDUAL MAY2
REFUSE THE DISBURSEMENT AUTHORIZED BY THIS SECTION UPON A3
FINDING OF FINANCIAL EXPLOITATION BY LOCAL LAW ENFORCEMENT , A4
COUNTY AGENCY HANDLING ADULT PROTECTIVE SERVICES, OR A COURT OR5
UPON THE EXPIRATION OF THE ONE -HUNDRED-EIGHTY-DAY PERIOD6
DESCRIBED IN SUBSECTION (2)(b) OF THIS SECTION IF LOCAL LAW7
ENFORCEMENT OR A COUNTY AGENCY HANDLING ADULT PROTECTIVE8
SERVICES HAS NOT NOTIFIED THE FINANCIAL INSTITUTION OR QUALIFIED9
INDIVIDUAL OF THE FINDINGS OF THE INVESTIGATION.10
(4) A FINANCIAL INSTITUTION OR QUALIFIED INDIVIDUAL THAT, IN11
GOOD FAITH , COMPLIES WITH THIS SECTION IS IMMUNE FROM12
ADMINISTRATIVE OR CIVIL LIABILITY THAT MIGHT OTHERWISE ARISE FROM13
A DELAY OF A DISBURSEMENT IN ACCORDANCE WITH THIS SECTION.14
11-113-106. Immunity for good faith omissions.15
A FINANCIAL INSTITUTION OR QUALIFIED INDIVIDUAL THAT , IN16
GOOD FAITH, FAILS TO PROVIDE NOTICE PURSUANT TO SECTION 11-113-10317
(1) OR FAILS TO DELAY A DISBURSEMENT PURSUANT TO SECTION18
11-113-105 IS IMMUNE FROM ADMINISTRATIVE OR CIVIL LIABILITY FOR THE19
FAILURE TO PROVIDE THE NOTICE OR TO DELAY THE DISBURSEMENT.20
11-113-107. Records.21
(1) A FINANCIAL INSTITUTION SHALL PROVIDE ACCESS TO OR22
COPIES OF THE ELIGIBLE ADULT'S RECORDS THAT ARE RELEVANT TO 23
SUSPECTED OR ATTEMPTED FINANCIAL EXPLOITATION TO AGENCIES24
CHARGED WITH ADMINISTERING STATE ADULT PROTECTIVE SERVICES LAWS25
AND TO LAW ENFORCEMENT , EITHER AS PART OF A REFERRAL TO THE26
AGENCY OR TO LAW ENFORCEMENT OR UPON REQUEST OF THE AGENCY OR27
1110-8-
LAW ENFORCEMENT PURSUANT TO AN INVESTIGATION. THE RECORDS MAY1
INCLUDE HISTORICAL RECORDS AS WELL AS RECORDS RELATING TO THE2
MOST RECENT TRANSACTION OR TRANSACTIONS THAT MAY COMPRISE3
FINANCIAL EXPLOITATION OF AN ELIGIBLE ADULT.4
(2) RECORDS MADE AVAILABLE TO AGENCIES UNDER THIS SECTION5
ARE NOT PUBLIC RECORDS, AS DEFINED IN SECTION 24-72-202.6
(3) T HIS SECTION DOES NOT LIMIT OR OTHERWISE IMPEDE THE7
AUTHORITY OF THE STATE COMMISSIONER OF FINANCIAL SERVICES OR THE8
STATE BANK COMMISSIONER TO ACCESS OR EXAMINE THE BOOKS AND9
RECORDS OF FINANCIAL INSTITUTIONS OR AS OTHERWISE PROVIDED BY10
LAW.11
11-113-108. Multiple duties to report.12
COMPLIANCE WITH THIS ARTICLE 113 DOES NOT DISCHARGE THE13
DUTY OF A PERSON TO REPORT MISTREATMENT UNDER SECTION 18-6.5-10814
TO LOCAL LAW ENFORCEMENT.15
SECTION 2. Act subject to petition - effective date -16
applicability. (1) This act takes effect at 12:01 a.m. on the day following17
the expiration of the ninety-day period after final adjournment of the18
general assembly (August 12, 2026, if adjournment sine die is on May 13,19
2026); except that, if a referendum petition is filed pursuant to section 120
(3) of article V of the state constitution against this act or an item, section,21
or part of this act within such period, then the act, item, section, or part22
will not take effect unless approved by the people at the general election23
to be held in November 2026 and, in such case, will take effect on the24
date of the official declaration of the vote thereon by the governor.25
(2) This act applies to financial institution transactions attempted26
or occurring on or after the applicable effective date of this act.27
1110-9-