ColoradoHB26-11102026 Regular SessionHouse

Vulnerable Adult Financial Exploitation Banking

Sponsored By: Jamie Jackson (Democratic), Jessie Danielson (Democratic), Marc Catlin (Republican), Sean Camacho (Democratic)

Signed by Governor

Financial Services & Commerce

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 2 benefits, 0 costs, 1 mixed.

More safeguards against vulnerable adults' financial abuse

The law protects adults age 70 or older and adults age 18 or older who meet its vulnerability rules. These younger adults cannot obtain needed health, safety, or welfare services, or lack capacity to make or communicate responsible decisions. Covered bank and credit union employees must report reasonably suspected financial exploitation, including attempted exploitation, while acting within their jobs. Reports go to local police or adult protective services in the adult's county. Employees may also contact someone the adult designated or is reasonably associated with. They must take reasonable care not to contact someone suspected of exploitation or other abuse. Institutions must share relevant account records, including older records, with investigators through referrals or investigation requests. Those records are not public, and state financial regulators keep their existing access and examination powers. These rules do not replace separate duties to report mistreatment to local police. The law covers transactions attempted or occurring on or after its effective date. It takes effect at 12:01 a.m. after the 90-day period following final adjournment—August 12, 2026, if adjournment is May 13, 2026. A referendum petition delays effectiveness until voter approval at the November 2026 election and the governor's official declaration of the vote.

Legal protection for good-faith bank actions

Beginning on the law's effective date, covered employees receive protection from administrative or civil liability for good-faith required reports. Protection also covers permitted third-party disclosures and failure to notify the customer about a required report. Institutions and covered employees receive protection for good-faith payment holds that follow the law. They also receive protection for good-faith failures to give required notice or pause a payment. These protections limit specified legal claims against institutions and employees, rather than providing a household payment.

Protective payment holds can delay adults' money

Beginning on the law's effective date, banks and credit unions may pause requested payments when they reasonably suspect exploitation. This protects adults age 70 or older and adults age 18 or older who meet the law's vulnerability rules. Institutions must send authorized account parties written notice explaining the pause and its specific reason. They must also notify local police or county adult protective services. Both notices are due as soon as possible, within two business days after the requested payment. An account party reasonably suspected of involvement need not receive notice. Institutions must continue internal review as needed. A pause generally lasts up to 90 days. One additional 90-day period is allowed after required agency notice while an agency investigation remains pending. Courts may extend the pause or order other protection when a protective-services agency, institution, qualified employee, or interested party petitions. The money must be released if the adult is found not to be exploited. Payment may be refused after a finding of exploitation, or after 180 days without notice of investigative findings. These holds can protect savings but also delay money needed for household bills.

Sponsors & Cosponsors

Cosponsors

Andrew Boesenecker
Democratic • House
Ava Flanell
Republican • House
Amy Paschal
Democratic • House
Bob Marshall
Democratic • House
Chad Clifford
Democratic • House
Cecelia Espenoza
Democratic • House
Eliza Hamrick
Democratic • House
Emily Sirota
Democratic • House
Jarvis Caldwell
Republican • House
Junie Joseph
Democratic • House
Javier Mabrey
Democratic • House
Julie McCluskie
Democratic • House
Kyle Brown
Democratic • House
Karen McCormick
Democratic • House
Kenny Nguyen
Democratic • House
Katie Stewart
Democratic • House
Lesley Smith
Democratic • House
Monica Duran
Democratic • House
Meg Froelich
Democratic • House
Manny Rutinel
Democratic • House
Naquetta Ricks
Democratic • House
Ryan Gonzalez
Republican • House
Rebekah Stewart
Democratic • House
Sheila Lieder
Democratic • House
Tammy Story
Democratic • House
Cathy Kipp
Democratic • Senate
Chris Kolker
Democratic • Senate
Iman Jodeh
Democratic • Senate
Jeff Bridges
Democratic • Senate
John Carson
Republican • Senate
James Coleman
Democratic • Senate
Janice Marchman
Democratic • Senate
Katie Wallace
Democratic • Senate
Lisa Cutter
Democratic • Senate
Matt Ball
Democratic • Senate
Marc Snyder
Democratic • Senate
Nick Hinrichsen
Democratic • Senate
Robert Rodriguez
Democratic • Senate
Tony Exum
Democratic • Senate
Tom Sullivan
Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 250 • No: 112

House vote • 4/21/2026

Senate amendments: Repass

Yes: 54 • No: 10

House vote • 4/21/2026

Senate amendments: Concur

Yes: 62 • No: 2

Senate vote • 4/20/2026

Third reading: Bill

Yes: 34 • No: 0

Senate vote • 4/14/2026

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.

Yes: 5 • No: 0

House vote • 3/9/2026

Third reading: Rerefer (2nd)

Yes: 19 • No: 43

House vote • 3/9/2026

Third reading: Bill

Yes: 44 • No: 18

House vote • 3/6/2026

Committee of the whole: Amd (h.001)

Yes: 24 • No: 36

House vote • 2/26/2026

Refer House Bill 26-1110, as amended, to the Committee of the Whole.

Yes: 8 • No: 3

Actions Timeline

Governor Signed
5/26/2026House
Signed by the Speaker of the House
5/20/2026House
Signed by the President of the Senate
5/20/2026Senate
Sent to the Governor
5/20/2026House
House Considered Senate Amendments - Result was to Concur - Repass
4/21/2026House
Senate Third Reading Passed - No Amendments
4/20/2026Senate
Senate Second Reading Special Order - Passed with Amendments - Committee
4/17/2026Senate
Senate Committee on Business, Labor, & Technology Refer Amended - Consent Calendar to Senate Committee of the Whole
4/14/2026Senate
Introduced In Senate - Assigned to Business, Labor, & Technology
4/6/2026Senate
House Third Reading Passed - No Amendments
3/9/2026House
House Second Reading Special Order - Passed with Amendments - Committee, Floor
3/6/2026House
House Second Reading Laid Over Daily with Amendments - Committee
3/4/2026House
House Second Reading Special Order - Laid Over Daily with Amendments - Committee
3/3/2026House
House Committee on Finance Refer Amended to House Committee of the Whole
2/26/2026House
Introduced In House - Assigned to Finance
2/3/2026House

Bill Text

Engrossed
PDF
Final Act
PDF
House Finance Preamend
PDF
Introduced
PDF
Reengrossed
PDF
Rerevised
PDF
Revised
PDF
Senate Business, Labor, & Technology Preamend
PDF
Signed Act
PDF

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