Vulnerable Adult Financial Exploitation Banking
Concerning the protection of vulnerable adults from financial exploitation in relation to financial institutions.
Official status: Became Law
Prime sponsors
- Sean Camacho (House) — Prime Sponsor
- Jamie Jackson (House) — Prime Sponsor
- Marc Catlin (Senate) — Prime Sponsor
- Jessie Danielson (Senate) — Prime Sponsor
Progress (from the official record)
Official summary
Official text — shown in English exactly as published by the official source. The official text controls.
The act creates the 'Adults' Security and Safeguards from Exploitation in Transactions Act' or the 'ASSET Act'. The act requires or authorizes a qualified individual at a bank or credit union (financial institution) to do the following when the individual reasonably and in good faith suspects that a vulnerable adult is the victim of financial exploitation: The qualified individual must notify appropriate local law enforcement or the county agency handling adult protective services; and The qualified individual may notify a third party previously designated by or reasonably associated with the vulnerable 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 vulnerable adult is subject to financial exploitation; 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 vulnerable adult need not be 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 vulnerable 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 act if the act or failure to act was made in good faith and exercising reasonable care. A financial institution must provide access to or copies of records that are relevant to the suspected or attempted financial exploitation of an vulnerable adult to agencies charged with administering state adult protective services laws and to 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 this bill as enacted.)
Status timeline
| Date | Location | Action |
|---|---|---|
| 02/03/2026 | House | Introduced In House - Assigned to Finance |
| 02/26/2026 | House | House Committee on Finance Refer Amended to House Committee of the Whole |
| 03/03/2026 | House | House Second Reading Special Order - Laid Over Daily with Amendments - Committee |
| 03/04/2026 | House | House Second Reading Laid Over Daily with Amendments - Committee |
| 03/06/2026 | House | House Second Reading Special Order - Passed with Amendments - Committee, Floor |
| 03/09/2026 | House | House Third Reading Passed - No Amendments |
| 04/06/2026 | Senate | Introduced In Senate - Assigned to Business, Labor, & Technology |
| 04/14/2026 | Senate | Senate Committee on Business, Labor, & Technology Refer Amended - Consent Calendar to Senate Committee of the Whole |
| 04/17/2026 | Senate | Senate Second Reading Special Order - Passed with Amendments - Committee |
| 04/20/2026 | Senate | Senate Third Reading Passed - No Amendments |
| 04/21/2026 | House | House Considered Senate Amendments - Result was to Concur - Repass |
| 05/20/2026 | House | Signed by the Speaker of the House |
| 05/20/2026 | Senate | Signed by the President of the Senate |
| 05/20/2026 | Governor | Sent to the Governor |
| 05/26/2026 | Governor | Governor Signed |
Recorded votes
- 04/14/2026 — Senate Business, Labor, & Technology: “Refer House Bill 26-1110, as amended, to the Committee of the Whole and with a recommendation that it be placed on the consent calendar.” — the motion passed on a vote of 5–0.
- 02/26/2026 — House Finance: “Refer House Bill 26-1110, as amended, to the Committee of the Whole.” — the motion passed on a vote of 8–3.
Proposed amendments (10 proposed amendments)
| Amendment | Committee / floor hearing | Offered | Disposition | Official document |
|---|---|---|---|---|
| L.002 | Committee amendment — Finance (House) | 02/26/2026 | Passed | View official document |
| L.007 Sponsor: Representative Garcia | Floor amendment — Second Reading (House) | 03/03/2026 | Lost | View official document |
| L.019 Sponsor: Representative Woodrow | Floor amendment — Second Reading (House) | 03/06/2026 | Lost | View official document |
| L.021 Sponsor: Representative Camacho | Floor amendment — Second Reading (House) | 03/06/2026 | Passed | View official document |
| L.009 Sponsor: Representative Zokaie | Floor amendment — Second Reading (House) | 03/06/2026 | Lost | View official document |
| L.014 Sponsor: Representative Garcia | Floor amendment — Second Reading (House) | 03/06/2026 | Lost | View official document |
| L.015 Sponsor: Representative Garcia | Floor amendment — Second Reading (House) | 03/06/2026 | Lost | View official document |
| L.011 Sponsor: Representative Woodrow | Floor amendment — Second Reading (House) | 03/06/2026 | Lost | View official document |
| H.001 | Floor amendment — Committee of the Whole (House) | 03/06/2026 | Lost | View official document |
| L.022 | Committee amendment — Business, Labor, & Technology (Senate) | 04/14/2026 | Passed | View official document |
Source: Colorado General Assembly (leg.colorado.gov) · Data as of
Full text
- Signed Act version (official PDF), 05/27/2026
- Final Act version (official PDF), 05/19/2026
- Rerevised version (official PDF), 04/20/2026
- Revised version (official PDF), 04/17/2026
- Reengrossed version (official PDF), 03/09/2026
- Engrossed version (official PDF), 03/06/2026
- Introduced version (official PDF), 02/03/2026
Official record
View HB26-1110 on leg.colorado.gov
Source: Colorado General Assembly (leg.colorado.gov) · Data as of
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