National Elder Abuse Resources and Colorado Financial Elder Abuse Mandatory Reporting Law

Elderly folks tend to be more trusting and less informed of the latest scams, making them the perfect target. To learn more about elder abuse, on the national level, two great resources are the National Committee for the Prevention of Elder Abuse and the National Center on Elder Abuse.

In Colorado, there is the Colorado Coalition for Elder Rights and Abuse Prevention.

As well, Colorado has a mandatory reporting law (including financial abuse) for certain categories of professionals and other workers.

Sadly, it is all too common where a family member is committing financial abuse of a parent, grandparent or other senior family member.

While it is encouraged that reporters of elder financial abuse contact local law enforcement, we’ve learned many local law enforcement agencies are unaware of the Colorado financial elder abuse law and are not trained on how to deal with it.

To report elder abuse in Colorado, the first option is to contact the Adult Protective Services (APS) intake office within the county department of human services were the at-risk adult lives. Click anywhere in this sentence for a current list of phone numbers to report elder abuse.

If reporting to the county APS office is not a viable option, contact the District Attorney’s office for the county in which the at-risk adult lives.

Image attribution

Financially Speaking™ James Spray RMLO, CNE, FICO Pro | CO LMO 100008715 | NMLS 257365 |August 26, 2017

Notice: The information on this blog is opinion and information. While I have made every effort to link accurate and complete information, I cannot guarantee it is correct. Please seek legal assistance to make certain your legal interpretation and decisions are correct. This information is not legal advice and is for guidance only. You may use this information in whole and not in part providing you give full attribution to James Spray.

Attorneys General National Mortgage Settlement Agreement

National mortgage_settlement

In March 2012, the National Mortgage Settlement with the Attorneys General of all 50 States was agreed in the amount of Twenty Five Billion Dollars.

The following information was just emailed to me by Colorado State Representative Beth McCann. Representative McCann is a wonderful person as well as one of the most tireless advocates for consumer rights I’ve ever had the pleasure to meet. I herein paraphrase her email as follows:

“For those homeowners still in their homes and who continue to get the run around from the mortgage servicing companies please have them file a complaint with the Colorado Attorney General’s (CO AG’s) office. They have an escalation process under which they can escalate these types of complaints to an executive level contact person within the companies.  Click here for the link to file such a complaint.

For those homeowners who have lost their home to foreclosure, per the referenced settlement, they will be contacted to receive payment from the settlement.  The CO AG’s office is in the process of hiring a claims administrator who will issue notice to these borrowers. These foreclosed former homeowners will need to fill out and file a claim form. The individual recovery is expected to range from $1,500 – $2,000.  However, this will depend on the number of eligible claims the states receive.  If a homeowner who has lost their home to foreclosure would like to make sure that they receive this notice, they may file a complaint with the AG’s office using the same form as set forth above.

For homeowners that have not been successful in negotiation for a mortgage modification with their mortgage servicer, contact the Colorado Foreclosure Hotline at 1-877-601-HOPE (4673).  They can also contact the banks directly at their new 1-800 numbers.  All of this information can be found on the CO AG’s website:

For updates to the National Mortgage Settlement be sure to check the comments section, below.

Feel free to pass this along to your clients and others dealing with this issue!

Image attribution

Financially Speaking™ James Spray, MLO, CNE, FICO Pro
CO LMO 100008715 | NMLS 257365 | April 31, 2012
 

Notice: The information on this blog is opinion and information. While I have made every effort to link accurate and complete information, I cannot guarantee it is correct. Please seek legal assistance to make certain your legal interpretation and decisions are correct. This information is not legal advice and is for guidance only. You may use this information in whole and not in part providing you give full attribution to James Spray.