Colorado enacts the ASSET Act allowing banks to delay suspicious disbursements and report elder financial exploitation

vulnerable adult

Account disbursements can be delayed up to 180 days if financial exploitation is suspected, and staff may report suspected exploitation to protective services.

financial institution

Banks and credit unions gain the authority to delay disbursements, report suspected exploitation, share records with investigators, and receive liability immunity.

local law enforcement

Agencies receive mandatory notifications regarding suspected financial exploitation and gain access to relevant financial records.

county agency handling adult protective services

Agencies receive reports of suspected financial exploitation and relevant bank records for investigations.