CO HB1110

Creates the "ASSET Act" requiring bank and credit union employees to notify local law enforcement or adult protective services when they reasonably suspect financial exploitation of an eligible adult (individuals 70+ years old, or adults 18+ with diminished capacity)

Authorizes financial institutions to delay suspicious disbursements for up to 90 days (or 180 days if law enforcement is investigating), with written notification to authorized account parties within 2 business days

Permits notification to third parties designated by or associated with the eligible adult, excluding anyone suspected of the exploitation

Grants immunity from administrative and civil liability to financial institutions and employees who act in good faith when reporting suspected exploitation, delaying disbursements, or failing to take such actions

Requires financial institutions to provide relevant records to adult protective services agencies and law enforcement during investigations, with such records exempt from public records disclosure