7-26-201. Permitted delay of wire transfers.
(1) This section applies to a wire transfer that transfers money from a consumer account at a covered financial institution.
(2) If a qualified individual reasonably believes that executing a requested wire transfer will result in financial exploitation, the covered financial institution may: delay the wire transfer; and contact: a law enforcement agency; Adult Protective Services; or a joint co-owner on the account.
(3) The delay of a wire transfer described in Subsectionexpires when the earlier of the following occurs: (2) the covered financial institution reasonably determines that the wire transfer is not financial exploitation; or 15 business days pass after the day on which the covered financial institution first initiated the delay of the wire transfer.