Trusted contact program established to mitigate financial exploitation and fraud, and liability limited.

Summary

The bill adds a new section to Minnesota law that lets financial institutions offer customers a "trusted contact" who can be notified in emergencies, when a customer is unresponsive, or when fraud is suspected. It also limits the institutions' civil liability for actions taken under the program and gives immunity to trusted contacts who act in good faith.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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