Vulnerable Adult Financial Exploitation Banking Protection
Summary
Colorado HB1110 was signed into law on April 6, 2026, creating protections for vulnerable adults from financial exploitation in relation to financial institutions. The bill passed the House (44-18) and Senate after amendments, with sponsorship from both Democratic and Republican legislators. Financial institutions in Colorado must now implement measures to identify and report suspected financial exploitation of vulnerable adults.
What changed
Colorado HB1110 establishes a new statutory framework requiring financial institutions to protect vulnerable adults from financial exploitation. The bill defines vulnerable adults, specifies what constitutes financial exploitation, and creates reporting obligations for financial institutions that suspect exploitation. The legislation passed through multiple amendments (L.002, L.007, L.019, L.021, H.001) during House Finance and Committee of the Whole proceedings before final passage.
Financial institutions operating in Colorado should review existing policies and develop or update procedures to identify warning signs of financial exploitation, establish internal reporting mechanisms, and train relevant staff on compliance with the new requirements. Since the bill has been signed into law, affected institutions should begin compliance preparation immediately to ensure readiness when the legislation takes effect.
What to do next
- Review existing internal policies on vulnerable adult protections and update as needed
- Develop or enhance procedures for identifying and reporting suspected financial exploitation
- Train relevant staff on new reporting obligations and recognition of exploitation warning signs
Source document (simplified)
ChangeBridge / Colorado / HB1110 Signed by Governor HB1110 House Bill Signed by Governor 2026-04-06
Vulnerable Adult Financial Exploitation Banking
Concerning the protection of vulnerable adults from financial exploitation in relation to financial institutions.
Bill Details
State Colorado
Session 2026 Regular Session
Chamber House
Committee Business, Labor, & Technology
Official Source leg.colorado.gov/bills/HB26-1110
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Sponsors
Sean Camacho (Rep - D) Jamie Jackson (Rep - D) Marc Catlin (Sen - R) Jessie Danielson (Sen - D) Cleave Simpson (Sen - R) Monica Duran (Rep - D) Cecelia Espenoza (Rep - D) Ryan Gonzalez (Rep - R) Eliza Hamrick (Rep - D) Sheila Lieder (Rep - D) Karen McCormick (Rep - D) Kenny Nguyen (Rep - D)
Action History
2026-04-06 S Introduced In Senate - Assigned to Business, Labor, & Technology 2026-03-09 H House Third Reading Passed - No Amendments 2026-03-06 H House Second Reading Special Order - Passed with Amendments - Committee, Floor 2026-03-04 H House Second Reading Laid Over Daily with Amendments - Committee 2026-03-03 H House Second Reading Special Order - Laid Over Daily with Amendments - Committee 2026-02-26 H House Committee on Finance Refer Amended to House Committee of the Whole 2026-02-03 H Introduced In House - Assigned to Finance
Votes
2026-02-26 House Finance: Refer House Bill 26-1110, as amended, to the Committee of the Whole. Yea: 8 Nay: 3 2026-02-26 House Finance: Adopt amendment L.002 Yea: 11 Nay: 0 2026-03-06 House: Committee of the Whole Amd (h.001) Yea: 24 Nay: 36 2026-03-09 House: Third Reading Bill Yea: 44 Nay: 18 2026-03-09 House: Third Reading Rerefer (2nd) Yea: 19 Nay: 43
Committee Referrals
2026-02-03 H Finance 2026-02-26 H Committee of the Whole 2026-04-06 S Business, Labor, & Technology
Amendments
2026-02-26 House Finance Amendment L.002 Adopted 2026-03-03 Second Reading Amendment L.007 2026-03-06 Second Reading Amendment L.019 2026-03-06 Second Reading Amendment L.021 Adopted 2026-03-06 Second Reading Amendment L.009 2026-03-06 Second Reading Amendment L.014 2026-03-06 Second Reading Amendment L.015 2026-03-06 Second Reading Amendment L.011 2026-03-06 House Committee of the Whole Amendment H.001
Bill Text Versions
1969-12-31 Introduced 1969-12-31 Engrossed 1969-12-31 Engrossed
Subjects
Financial Services & Commerce Legislative data powered by LegiScan (CC BY 4.0)
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