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.
With the passing of Colorado Senate Bill 10-042, financial institutions are now required to offer each eligible at-risk account holder the option to voluntarily sign a prior consent form to be placed in the account holder’s file. In addition, the financial institution may offer all account holders this same option.
As an account holder at Colorado Community Bank, you have the option of completing the “Prior Consent to Release Financial Information” form. By signing this consent form, you expressly waive all confidentiality and privacy provisions of Colorado state law and federal law for the limited purpose of authorizing Colorado Community Bank to provide financial records related to every account you own with Colorado Community Bank, including all accounts in which you may own an interest in the future, to county or district departments of social services and to local law enforcement agencies. These records may be provided without notice to you and without any additional authorization whenever Colorado Community Bank knows or suspects that an individual, corporation, partnership, governmental agency, or other legal entity has made illegal or improper use of your financial resources for their profit or advantage.
If you wish to waive confidentiality and authorize the release of your financial records, click the link below:
