Creates standards for credit union and banking customers to designate a trusted contact

HB 1049 allows banks and credit unions to voluntarily create programs enabling customers to designate trusted contacts - adults who can be contacted during emergencies, suspected fraud, or when a customer becomes unresponsive. It establishes clear procedures for institutions to implement these programs, including setting transaction limits and account access for trusted contacts, while providing liability protection for both the institution and the trusted contact acting in good faith. Customers retain full control to add or remove trusted contacts at any time, with institutions required to verify such changes. The bill directly affects bank and credit union customers seeking added security and emergency access options, without mandating participation from financial institutions.