Financial exploitation of at-risk adults is a growing problem in Colorado. Financial institutions may acquire early knowledge of financial exploitation, but their legal obligation to maintain confidentiality may limit their ability to release financial records necessary to facilitate a rapid response from law enforcement and social services agencies.
This form (which can be found by clicking here) was developed to implement § 6-21-103, C.R.S., which requires financial institutions to offer eligible account holders the option to voluntarily sign a prior consent form to be placed in an account holder’s file. An account holder of a bank or credit union who signs the prior consent form waives the confidentiality of his or her financial records and authorizes the financial institution to alert the county or district department of social services and local law enforcement of known or suspected financial exploitation of the account holder. The form is posted here to facilitate distribution of the form to the industry. Individual consumers who wish to waive confidentiality and authorize the release of financial records should contact their financial institution for a copy.
This form may be revised periodically. Suggestions should be sent to:
The Office of the Attorney General
Attn: General Counsel for the Colorado Division of Banking
1525 Sherman St., 7th floor
Denver, CO 80203