§ 11-51-1004 — Third-party disclosures - immunity

Colorado § 11-51-1004

• Jurisdiction: Colorado
• Title 11: Financial
• Art.: Securities

Text

(1) If a qualified individual,
while acting within the scope of employment, reasonably believes that financial
exploitation of an eligible adult may have occurred, been attempted, or may be or is
being attempted, a qualified individual may notify any third party previously
designated by or reasonably associated with the eligible adult. Disclosure may not
be made to any designated third party that is suspected of financial exploitation or
other abuse of the eligible adult.

(2) Notwithstanding the provisions of subsection (1) of this section, if the
qualified individual is also a person listed in section 18-6.5-108 (1)(b) and the
qualified individual has made a report to law enforcement as required by section 18-6.5-108 (1), the report required by subsection (1) of this section does not have to be
filed with the commissioner.

(3) A qualified individual who, in good faith and exercising reasonable care,
complies with this section is immune from any administrative or civil liability that
might otherwise arise from the disclosure.

Legislative History

Source: L. 2017: Entire part added, (HB 17-1253), ch. 289, p. 1605, � 2, effective July 1.