Vulnerable Adult Financial Exploitation Banking

Summary

The bill adds new duties for Colorado banks and credit unions to notify law‑enforcement or a designated third party when they reasonably suspect an eligible adult is being financially exploited. It also permits these institutions to pause a withdrawal while an investigation is under way, and grants them immunity from liability when they act in good faith. The purpose is to give vulnerable seniors and other adults at risk stronger protection against fraud and abuse.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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