C.R.S. § 11-113-102: Definitions.

As used in this article 113, unless the context otherwise requires:

(1) "Disbursement" means a transaction by a financial institution to or for the benefit of a member or account holder, regardless of the method, medium, instrument, channel, or technology used for the transaction.

(2) "Eligible adult" means:

(a) An individual seventy years old or older; or

(b) An individual eighteen years old or older who is susceptible to mistreatment or self-neglect because the individual:

(I) Is unable to perform or obtain services necessary for the individual's health, safety, or welfare; or

(II) Lacks sufficient understanding or capacity to make or communicate responsible decisions concerning the individual's person or affairs.

(3) "Financial exploitation" means an act or omission committed by a person that:

(a) Uses deception, harassment, intimidation, or undue influence to permanently or temporarily deprive an eligible adult of the use, benefit, or possession of anything of value;

(b) Employs the services of a third party for the profit or advantage of the person or another person to the detriment of the eligible adult;

(c) Forces, compels, coerces, or entices an eligible adult to perform services for the profit or advantage of the person or another person; or

(d) Misuses the property of an eligible adult in a manner that adversely affects the eligible adult's ability to receive health care or health-care benefits or to pay for basic needs or obligations.

(4) "Financial institution" means:

(a) A bank, as defined in section 11-101-401 (5); or

(b) A credit union, as described in section 11-30-101 (1).

(5) "Good faith" means honesty in fact in the transaction and some reasonable ground for belief that the transaction is rightful or authorized.

(6) "Qualified individual" means an employee of a financial institution who:

(a) Performs monetary transactions for, sells financial services to, or approves loans for customers of or members of the financial institution;

(b) Supervises an employee described in subsection (6)(a) of this section; or

(c) Has the responsibility of ensuring compliance with the financial institution's legal duties.